Volume Data

FXSpotStream Total Volumes Drop below $1 Trillion Mark

Activity on FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, dropped in August. The total monthly volumes across its streaming and matching products fell below the $1 trillion mark for the first time in three months.

The company reported an average daily volume of $41.3 billion, the lowest reading since October 2020. August’s ADV figure is lower on a monthly basis by 14 percent from $47.9 billion back in July 2021. Still, the industry benchmark rose by 0.5 percent from year-ago levels, when weighed against $41.1 billion in August 2020.

Following the slowdown in activity seen at FXSpotStream LLC in July, the institutional venue has reported that in August 2021, total trading volumes were down even further. The company reported $908 billion for the month, a fall of 13.9 percent from $1,054 billion hit back in July.

Market volatility developments, which has been a standout phenomenon of the pandemic-era, bolstered activity in certain assets in June and July, even during the normally sluggish summer months. But a slowdown occurred as many counties eased some coronavirus restrictions which likely took some of investors’ interest.

Trading desks at some of the largest players in the foreign exchange market were also grappling with mixed volumes. The trend of weaker turnover was observed in the monthly figures from Moscow Exchange, Cboe FX and Interactive Brokers.

FXSpotStream provides a multibank FX aggregation service for spot FX trading. The platform operates as a bank-owned consortium that provides the infrastructure to facilitate the route of trades from clients to liquidity providers.

FXSpotStream’s offering is a client-to-bank platform, with each liquidity taker required to ‎create individual credit relationships with participating banks.‎ This differs from other multi-dealer platforms, such as FX ECNs like Hotspot and ‎EBS Markets that operate with centralized order book systems for their participants.

Activity on FXSpotStream’s trading venue has been consolidating around the $1 trillion mark over the last year. The aggregator service of LiquidityMatch LLC reported a record $1.37 trillion in total volumes for March 2020.