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Bank-backed FX aggregation service FXSpotStream reported average daily volume (ADV) of USD 160.049 billion for June 2026, a 55.95% increase on June 2025 and a 7.87% rise on the previous month.
The June total comprised USD 113.188 billion in spot and USD 46.860 billion in other products. Spot ADV rose 68.20% year on year and 7.46% month on month, while other products increased 32.62% year on year and 8.87% month on month.
On a year-to-date basis, for the January to June 2026 period, FXSpotStream's overall ADV of USD 155.169 billion was 43.95% higher than the same period in 2025. The June figures are based on 22 trading days.
June at a glance
• Total ADV: USD 160.049 billion, up 7.87% month on month and 55.95% year on year.
• Spot ADV: USD 113.188 billion, up 7.46% month on month and 68.20% year on year.
• Other products ADV: USD 46.860 billion, up 8.87% month on month and 32.62% year on year.
Twelve months of spot volumes
June's spot reading of USD 113.188 billion is the third-highest of the past twelve months and the strongest since March, when spot ADV peaked at USD 127.922 billion. It also marks a second consecutive monthly gain, following USD 100.017 billion in April and USD 105.328 billion in May.
The longer view shows a clear step-change at the turn of the year. Through the second half of 2025, spot ADV moved in a range from a low of USD 68.394 billion in July to USD 85.859 billion in October. From January 2026 onwards the platform has traded consistently above USD 100 billion, resetting its spot baseline at a higher level rather than reverting after a busy first quarter. Every month of 2026 to date has printed above the highest month of the preceding six.
Growth since 2016
FXSpotStream Average Daily Spot FX Volumes Month by Month since 2016
When FXSpotStream began publishing supported volumes at the start of 2016, ADV stood at around USD 20 billion. Overall ADV has since risen roughly 8x, reaching a record USD 173.6 billion in March 2026. The trajectory has been notably resilient, with periods of market stress, including the volatility of early 2020, tending to reset the platform's baseline activity at a higher level rather than prompting a lasting retreat.
Liquidity provider network
FXSpotStream now connects 19 bank liquidity providers, with BNY added in September 2025. The steady expansion of the panel in recent years has run alongside a broadening product set across spot, forwards, swaps, NDFs and precious metals, and underpins the volume growth recorded through 2025 and 2026.
Expansion into fixed income with RateStream
The June figures follow a significant strategic move after parent company LiquidityMatch launched RateStream, a dedicated fixed income streaming service that extends the group's no-cost-to-taker model into the rates market. RateStream launched with six tier-one liquidity providers, BNP Paribas, Citi, Goldman Sachs, J.P. Morgan, Morgan Stanley and Wells Fargo, initially focused on US Treasuries, with European Government Bonds and further liquidity providers to follow later in 2026. Trading technology firm smartTrade Technologies is providing the underlying platform.
LiquidityFinder covered the launch in detail, including why a zero-cost-to-taker multibank model is a notable departure for institutional fixed income, in this analysis.
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