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FXSpotStream’s Trading Volumes Bounce Back to $1.28T in May

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FXSpotStream, a New Jersey-based provider of multibank price streaming services for FX spot and swaps, has released its trading metrics for
May 2023. The company reported $1.28 trillion in total monthly trading volumes,
an increase of 16% compared to $1.1 trillion in April.

In the period,
FXSpotStream recorded an average daily volume (ADV) of $55.5 billion,
representing a 0.3% month-over-month (MoM) increase from the $55.3 billion
in April. However, the ADV dropped 5% year-over-year (YoY) from $58.4
billion in May 2022.

Overall, in the
past three months, the total volumes have moved sideways, with March, April,
and May’s figures reaching $1.53 trillion, $1.1 trillion, and $1.28
trillion, respectively. In the same months, the ADV change MoM was +6.2%,
-17.2%, and +0.4%, respectively.

FXSpotStream’s
data shows that the market activity is slightly recovering since climbing
steadily during the first three months of the year
. In January, February, and
March, the streaming services provider recorded $60.6 billion, $ 62.9 billion, and $66.8 billion ADVs, respectively,
compared to March and April’s $55.3 billion and $55.5 billion.

The May 2023
trading volumes by the FX aggregation platform, which counts Barclays, Citi,
and Commerzbank, among other liquidity providers as some of its clients, were
spread across 23 days. In comparison, April and March’s volumes were recorded
in 20 and 23 days, respectively.

Cboe FX, 360T and Click365

Moreover, FXSpotStream May’s
trading volumes show
a similar trends
as those seen in other trading venues, including Cboe FX
markets and 360T. Cboe FX Markets reported $938.9 billion in total trading
volume in May, representing an 18.2% month-over-month increase.

Comparatively, the
figure rose 7.8% compared to the same period last year but was lower than $1.1
trillion in spot forex volume handled by institutional platform in March. Furthermore, Cboe FX’s ADV
increased to $40.8 billion from $39.6 billion in the previous month.

Elsewhere, the top
European institutional FX trading platform, Deutsche Börse’s 360T, also
saw its trading volumes increase to $593.6 billion in May from $507 billion
recorded in April. In Japan, FX derivatives platform Click365 recorded trading volumes of 24 million contracts in May, with a daily average of 108,365 contracts. The demand increased by 31.4% on the venue compared to the previous month.

Revolut hits 30M users; crypto trading on TP ICAP; read today’s news nuggets.

FXSpotStream, a New Jersey-based provider of multibank price streaming services for FX spot and swaps, has released its trading metrics for
May 2023. The company reported $1.28 trillion in total monthly trading volumes,
an increase of 16% compared to $1.1 trillion in April.

In the period,
FXSpotStream recorded an average daily volume (ADV) of $55.5 billion,
representing a 0.3% month-over-month (MoM) increase from the $55.3 billion
in April. However, the ADV dropped 5% year-over-year (YoY) from $58.4
billion in May 2022.

Overall, in the
past three months, the total volumes have moved sideways, with March, April,
and May’s figures reaching $1.53 trillion, $1.1 trillion, and $1.28
trillion, respectively. In the same months, the ADV change MoM was +6.2%,
-17.2%, and +0.4%, respectively.

FXSpotStream’s
data shows that the market activity is slightly recovering since climbing
steadily during the first three months of the year
. In January, February, and
March, the streaming services provider recorded $60.6 billion, $ 62.9 billion, and $66.8 billion ADVs, respectively,
compared to March and April’s $55.3 billion and $55.5 billion.

The May 2023
trading volumes by the FX aggregation platform, which counts Barclays, Citi,
and Commerzbank, among other liquidity providers as some of its clients, were
spread across 23 days. In comparison, April and March’s volumes were recorded
in 20 and 23 days, respectively.

Cboe FX, 360T and Click365

Moreover, FXSpotStream May’s
trading volumes show
a similar trends
as those seen in other trading venues, including Cboe FX
markets and 360T. Cboe FX Markets reported $938.9 billion in total trading
volume in May, representing an 18.2% month-over-month increase.

Comparatively, the
figure rose 7.8% compared to the same period last year but was lower than $1.1
trillion in spot forex volume handled by institutional platform in March. Furthermore, Cboe FX’s ADV
increased to $40.8 billion from $39.6 billion in the previous month.

Elsewhere, the top
European institutional FX trading platform, Deutsche Börse’s 360T, also
saw its trading volumes increase to $593.6 billion in May from $507 billion
recorded in April. In Japan, FX derivatives platform Click365 recorded trading volumes of 24 million contracts in May, with a daily average of 108,365 contracts. The demand increased by 31.4% on the venue compared to the previous month.

Revolut hits 30M users; crypto trading on TP ICAP; read today’s news nuggets.

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