FXSpotStream, a provider of FX electronic liquidity
distribution, has published its monthly volumes report for February 2024,
revealing robust trading activity despite prevailing market volatility. The
company’s latest data underscores the resilience of FX markets amid turbulent
economic conditions.
According to FXSpotStream’s report, the average daily
volume (ADV) for spot transactions in February stood at $51.8 billion, with an
additional $20.5 billion traded in other FX products, resulting in a total ADV
of $72.3 billion. Despite a slight decrease from January’s total ADV of $73.6
billion, the figures demonstrate sustained market engagement amidst ongoing
global uncertainties.
Throughout February, FXSpotStream
facilitated trading activities across 21 trading days, one day less than in
January. Despite the reduced number of trading days, market participants
remained active, contributing to the overall trading volumes during the month.
Leadership Transition and Integration of Horizon
Jeff
Ward became the Chief Executive Officer at FXSpotStream, starting from January 1, 2024, succeeding
Alan Schwarz, the Co-Founder who resigned the previous year. Tom San Pietro,
the Chief Technology Officer, had temporarily filled the CEO position after
Schwarz’s departure until Ward officially assumed the role.
Moreover, FXSpotStream
recently integrated Horizon, FairXchange’s data analytics platform, into
its operations, improving real-time analytics for more accurate trading
execution and analysis. The integration allows FXSpotStream’s liquidity
management team to better manage relationships with both price-takers and
liquidity-providing banks. Clients of FXSpotStream will gain insights into
their execution, optimizing trading and bolstering relationships with liquidity
providers.
“We are always looking for ways to enhance our offering
for both clients and LPs, and FairXchange’s Horizon platform will allow our
clients to make informed decisions regarding their liquidity,” said Antony
Brocksom, the Head of Sales at FXSpotStream.
Established in 2011 as a bank-owned consortium, FXSpotStream
has expanded its services beyond the institutional spot forex market to include
the derivatives market. It has also launched support for FX Algos and
allocations over its API, broadening its service offerings.
FXSpotStream, a provider of FX electronic liquidity
distribution, has published its monthly volumes report for February 2024,
revealing robust trading activity despite prevailing market volatility. The
company’s latest data underscores the resilience of FX markets amid turbulent
economic conditions.
According to FXSpotStream’s report, the average daily
volume (ADV) for spot transactions in February stood at $51.8 billion, with an
additional $20.5 billion traded in other FX products, resulting in a total ADV
of $72.3 billion. Despite a slight decrease from January’s total ADV of $73.6
billion, the figures demonstrate sustained market engagement amidst ongoing
global uncertainties.
Throughout February, FXSpotStream
facilitated trading activities across 21 trading days, one day less than in
January. Despite the reduced number of trading days, market participants
remained active, contributing to the overall trading volumes during the month.
Leadership Transition and Integration of Horizon
Jeff
Ward became the Chief Executive Officer at FXSpotStream, starting from January 1, 2024, succeeding
Alan Schwarz, the Co-Founder who resigned the previous year. Tom San Pietro,
the Chief Technology Officer, had temporarily filled the CEO position after
Schwarz’s departure until Ward officially assumed the role.
Moreover, FXSpotStream
recently integrated Horizon, FairXchange’s data analytics platform, into
its operations, improving real-time analytics for more accurate trading
execution and analysis. The integration allows FXSpotStream’s liquidity
management team to better manage relationships with both price-takers and
liquidity-providing banks. Clients of FXSpotStream will gain insights into
their execution, optimizing trading and bolstering relationships with liquidity
providers.
“We are always looking for ways to enhance our offering
for both clients and LPs, and FairXchange’s Horizon platform will allow our
clients to make informed decisions regarding their liquidity,” said Antony
Brocksom, the Head of Sales at FXSpotStream.
Established in 2011 as a bank-owned consortium, FXSpotStream
has expanded its services beyond the institutional spot forex market to include
the derivatives market. It has also launched support for FX Algos and
allocations over its API, broadening its service offerings.
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- Source: https://www.financemagnates.com//institutional-forex/fxsportstreams-february-report-total-adv-reaches-723-billion/
