FXSpotStream
FXSpotStream, a multibank Fx aggregation service provider has reported record number for trading volumes for the month of August 2018. The higher number of trading days compared to July also helped the company to report record trading volumes in August.
During the month, the brokerage reported a total trading volume of $652 billion in August compared to $609.7 billion in July. The figure is also higher from its previous record high volumes of $645.4 billion in May 2018. On the average daily volumes front, FXSpotStream witnessed a 2 per cent increase in trading volumes to $28.4 billion compared to July’s $27.7 billion. The best ever average daily trading volume is recorded on June at $30.4 billion.
On the yearly basis, the total trading volumes are 47 per cent higher compared to August 2017 and in 2018, the overall and on ADV basis, volumes have increased by over 40 per cent every single month in 2018. The August 2018 ADV of USD 28.365 billion is 47.6 per cent higher compared to August 2019 ADV which is at $19.2 billion.
FxSpotStream is a no-cost multibank FX & precious metals price aggregation service for price taker and is bank owned consortium operating as a market utility. It provides liquidity from 13 leading global banks including BofA Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered, State Street and UBS.
Exness FX
Exness Fx, the CySEC and FCA regulated retail fx broker has reported slight lower trading volumes in August compared to July 2018. In the month of August 2018, the total trading volume for the broker came in at $331.9 billion, a slight 3 per cent lower compared to July’s $343.5 billion. Though the volumes are not near to anywhere of record volumes of $395 billion set in May 2018. In the first half of 2018, the broker had witnessed $2.1 trillion of clients trading volumes.
During the month, the broker also witnessed higher trader activity with a number of active traders went up to 46,221 active traders, up from 44,135 in July. Exness has been expanding its European operations and has injected £1.5 million of additional capital into its European subsidiary.
Karthik Subramanian
Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.
