Trading Activity in FXSpotStream Continues to Plummet in December Month, ADV Declines by 8.5% M-o-M

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.

Trading Activity in FXSpotStream Continues to Plummet in December Month, ADV Declines by 8.5% M-o-M

January 3, 2019

fxspotstreamThe trading activity at No Cost Multibank FX aggregation service FXSpotStream, the aggregator service of Liquidity Match LLC, fell in the last month of 2018. It reached the lowest in December 2018, marking consecutive three months fall in trading activity.

During the month, FXSpotStream reported an average daily trading volume of $32.5 billion, registering 8.5 per cent monthly decline from $35.5 billion back in November 2018. The November volume figures were the second-best figure in 2018.

The latest figures include all of the group’s streaming and matching products, which constitute a gain of 64 per cent regarding volumes from November 2018. The average daily volumes in the currency segment went down in December and were affected by seasonal factors and the year-end holidays.

The total trading volumes during the month were $683 billion, which is 12.7 per cent lower month-on-month from $782 billion back in November 2018. The lower trading volumes were due to less number of trading days in December which 21 days compared to 22 days of November. The December volume is also third higher in 2018 and an overall increase of 72.23% year on year from December 2017 figures.

Deutsche Borse Closes 2018 with Record Cash Market Order Book Turnover

fxspotstreamDeutsche Borse has announced that its Cash Market order book in 2018 has reached a turnover of  €1.72 trillion in 2018, highest in the record since 2008.  Compared to year-on-year, the figures are 17 per cent higher from €1.47 trillion. The €1.57 trillion of the amount was attributable to Xetra, €40.11 billion to the Börse Frankfurt venue and €105.81 billion to Tradegate Exchange.

The turnover of €1.57 trillion in Xetra in 2018 was shared by Bayer AG at €75.43 billion, (DAX index), Osram Licht AG at €7.41 billion (MDAX index), Puma SE at €1.92 billion (SDAX index) and Wirecard AG at €26.16 billion (TecDAX index). In the Scale 30 index, the Fintech Group AG ranked first with a turnover of €267.34 million.

In December month, the Order book turnover came in at €116.1 billion, compared to €118.0 billion in the previous year. Of this €106.6 billion was contributed by Xetra, €2.7 billion by Börse Frankfurt venue and €6.8 billion by Tradegate Exchange.

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