FX Volumes at FXSpotStream Rise in October YoY

Foreign exchange trading volumes across  rose 16.5 percent over a yearly basis in October 2020, data showed on Monday.
FXSpotStream reported an average daily volume (ADV) of $39.8 billion, which was higher from $33.3 billion reported back in October 2019. This figure was also 25 percent greater than Cboe HotSpot’s ADV of $31.0 billion.

Across a monthly interval, the ADV metric in October 2020 decreased by 11 percent when weighed against $43.7 billion in September 2020.
October 2020 saw a total of 22 trading days, the same as it was in the month prior. In terms of total volumes at FXSpotStream, the last month showed $855 billion, which was higher by more than 11 percent year-on-year from $767 ‎billion in October 2019.
Activity on FXSpotStream’s trading venue had been consolidating over the last few months, namely since the aggregator service of LiquidityMatch LLC  a record $1.37 trillion in total volumes for March.
FXSpotStream in a Hiring Spree
Elsewhere, institutional trading platform provider, reported earlier today its monthly ‎trading volumes for October. This demonstrated improvement compared to September and also the year earlier.
Integral said that the average daily volumes (ADV) across its platforms totaled $43.8 billion in October 2020, an increase of 6.8% over a monthly timeframe.
Other institutional FX platforms, including  and Thomson Reuters, are also expected to report a slight rise in volumes of last month.
FXSpotStream provides a multibank FX aggregation service for spot FX trading. The platform operates as a  that provides the infrastructure to facilitate the route of trades from clients to liquidity providers.
Earlier in August, the company bolstered its sales team globally with the addition of Hajime Tezuka to its sales force in Tokyo. Further, the company has revealed exclusively to Finance Magnates that it has also  to its sales team in London.
Also in July, FXSpotStream LLC appointed Richard Kaltenbach as General Counsel, based in the company’s Jersey City offices, to provide support to .