FXSpotStream Reports Another ADV Record High
Liquidity Finder - Sam LowApril 02, 2024 - Bank-owned market utility for SpotFX, NDFs and Swaps liquidity, FXSpotStream have reported another record high for march 2024, showing another record Average Daily Volume (ADV) for the month after reporting a previous record high in January this year.
The network's total ADV in March hit $82.577 billion, an increase of 14.17% on February. Spot FX ADV was reported at $58.184 billion, the second highest monthly ADV on record, following the $59.192 billion for September 2022.
FXSpotStream's Monthly SpotFX ADV, August 2017 - March 2024 (source LiquidityFinder)
FXSpotStream volumes were reported by the company as:
▪️ Total ADV Month-on-Month (March 2024 vs February 2024) increased 14.17%
▪️ Total ADV Year-on-Year (March 2024 vs March 2023) increased 23.68%
▪️ Spot ADV Month-on-Month (Mar 2024 vs Feb 2024) increased 12.26%
▪️ Spot ADV Year-on-Year (March 2024 vs Mar 2023) increased 7.66%
▪️ Other ADV Month-on-Month (March 2024 vs February 2024) increased 19.00%
▪️ FXSpotStream’s Other ADV Year-on-Year (March 2024 vs March 2023) increased 91.73%
These numbers are another piece of good news for Jeff Ward who kicked off his official role as CEO of FXSpotStream at the beginning of this year after the departure of Founder Alan Schwartz earlier in 2023. Schwartz ran the business for 11 years from inception.
Jeff Ward, CEO, FXSpotStream
During 2022 FXSpotStream made over 70 different Algos and 200+ Algo parameters from FXSpotStream supported multiple LP available via a normalised API and the FXSpotStream GUI. Building on this, In the past few months, FXSpotStream have added more Liquidity Providers to its service, with the addition of NatWest in October 2023 and Wells Fargo last month, bringing the total number of bank LPs via one sinlge API to a total of 16.
Click the links below to contact FXSpotStream to learn more about the services provided by the company and to 'Follow' their news and posts on LiquidityFinder.
Click here to see FXSpotStream's SpotFX ADV historically on LiquidityFinder.
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