FXSpotStream total volumes drop below $1 trillion in December

abdelaziz Fathi

Activity on FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, eased last month as the total monthly volumes across its streaming and matching products dropped below the $1 trillion mark.

FXSpotStream

The company reported an average daily volume of $42.8 billion, the lowest since August.

FX volumes outpaced those of last year, though turnover is still down month-over-month as the lack of clear direction in currency markets continues to affect daily trading activity.

December’s ADV figure was lower on a monthly basis by 17 percent from $51.6 billion back in November 2021. Still, the industry benchmark rose slightly from year-ago levels, when weighed against $42 billion in December 2020.

Following the uptick in activity seen at FXSpotStream LLC in November, the institutional venue has reported that in December 2021, total trading volumes were down even further. The company reported $986 billion for the month, a fall of 13 percent from $1.13 trillion hit back in November.

FinanceFeeds webinar: Expert panel to discuss market data for multi-asset brokerages  

The total monthly volume across FXSpotStream’s streaming and matching products was comfortably above the $1 trillion mark in the last two months. The activity got off to a strong rebound as the financial markets kicked off the fourth quarter in high gear, with a multitude of factors helping steer volumes across several venues. These difficult conditions could become increasingly common as investors brace for plenty of hurdles as they move into the holiday season, which pumped up FX hedging trades.

With nobody having a clue so far, other institutional FX platforms, including Cboe FX, CLS, and Thomson Reuters, are also expected to report lower trading activity. The secular trend of mixed FX volumes will stay into play in December as global markets remain hostage to developments involving the coronavirus and central banks’ policies, which are currently top of mind.

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.

Read this next

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

<