Published On: Fri, Jun 1st, 2018

FXSpotStream sets total monthly FX volumes record in May at $645 billion


LeapRate’s Daily Forex Industry Newsletter

Join now to receive first access to our EXCLUSIVE reports and updates.

Screenshot of a breaking news alert e-mail from Q2 2017

Please check your email to confirm your subscription

Something went wrong

After reporting record trading volumes throughout Q1, multibank FX aggregation service FXSpotStream has announced that May volumes totaled $ 645.4 billion, a record for the company.

Average daily volumes of $ 28.1 billion were slightly off FXSpotStream’s record in that regard, $ 28.8 billion set in February 2018 (but as February had 3 fewer trading days, total volumes in February were not as large as in May).

FXSpotstream FX volumes May2018

Some of the results to note at FXSpotStream included:

  • Overall volume MoM (May ’18 vs April ’18) increased 25.2%.
  • Overall volume YoY (May ’18 vs May ’17) increased 60.8%.
  • ADV in May MoM (May vs April ’18) increased 14.3% – the 2nd highest ADV on record at USD28.061 billion.
  • ADV YoY (May ’18 vs May ’17) increased 60.8% – continuing an ADV increase of over 40% YoY every month so far in 2018.
  • ADV for first 5 months of the year is up 48.8% when compared to the same time last year.
Total Volume* Avg Daily Volume (ADV) ADV Change MoM
ADV Change YoY Trading Days
May-18 $ 645,411 $ 28,061 +14.3% +60.8% 23
Apr-18 $ 515,696 $ 24,557 -10.9% +43.5% 21
Mar-18 $ 606,011 $ 27,546 -4.5% +46.7% 22
Feb-18 $ 576,631 $ 28,832 +9.5% +54.1% 20
Jan-18 $ 579,463 $ 26,339 +32.8% +39.7% 22
* Volumes in USD millions, single count, for all streaming and matching products.

FXSpotStream is a bank owned consortium operating as a market utility, providing the infrastructure that facilitates a multibank API and GUI to route trades from clients to Liquidity Providers. FXSpotStream provides liquidity from 13 leading global banks – BofA Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered, State Street and UBS.


Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>