February 1, 2021 - FXSpotStream (FSS) has revealed today its Average Daily Volume (ADV) for January 2021 over its network of 15 banks. ADV for January was 14.6% higher than December 2020 ($42.8 billion), coming in at $49.036 billion. This is the company's second highest ever recorded monthly ADV, behind March 2020, the height of COVID-19 volatility, at $62.378 billion.

FSS YoY ADV, comparing January 2020 with January 2021 shows an increase of 32.41%, ($49 billion vs $37 billion).

FSS recorded an ADV for all of 2020 of $42.648 billion. January 2021 ADV of $49.03 6billion is up 14.98% compared to this annualised figure.

January 2021 overall volume was $980.7 billion vs December 2020 at $941.3 billion (at 22 days in December vs 20 day in January).

These numbers can be seen in the graph below, and show the continued trajectory and momentum that FXSpotStream has been gaining in the market throughout 2020:

FXSpotStream January 2016 - January 2021.png
FXSpotStream MoM ADVs January 2016 - January 2021

Major Milestones in 2020

The company has been recording some major milestones in the past year. FXSpotStream’s ADV Year on Year (2020 vs 2019) increased 18.52% to $42.648 billion. Overall volume for the year crossed the $11 trillion mark for the first time ever, in terms of overall volume supported for the year.

FXSpotStream registered new record highs in terms of ADV ($62.378 billion in March), Monthly Volume ($1.372trillion) and Daily Volume ($89.6 billion on March 9, 2020).

Lat week the company announced plans to launch functionality to support 70 FX Algos from its bank FX Liquidity Providers, and pre- and post-trade allocations, over the FXSpotStream API. The new service is expected to be live in Q2 2021 and is aimed at Asset Managers who FXSpotStream feel are under-represented on their system. Algos and Allocations over the FSS GUI will follow and are targeted for later in 2021.

During 2020, FXSpotStream added Barclays and Societe Generale to its list of Primary Bank Liquidity Providers, making a total of 15 banks supplying liquidity over its network. The full list of banks include:

  • Bank of America
  • Barclays
  • BNP Paribas
  • Citi
  • Commerzbank AG
  • Credit Suisse
  • Goldman Sachs
  • HSBC
  • J.P. Morgan
  • Morgan Stanley
  • MUFG
  • Societe Generale
  • Standard Chartered
  • State Street
  • UBS

See FXSpotStream's Monthly ADV history and their relative performance against other venues by visiting the LiquidityFinder Market Volumes chart for Major FX Trading Venues here:

LiquidityFinder platforms monthly ADV Oct 2020.png