FXSpotStream Achieves Record Trading Volumes for Third Consecutive Month

The ongoing volatility in financial and foreign exchange (FX) markets continued to play a significant role last month, as the U.S. dollar slipped to fourteen-month lows.

This shift helped FXSpotStream, a leading provider of multibank FX aggregation services, achieve record trading volumes for the third month in a row.

Impressively, the company surpassed an average daily volume (ADV) of $100 billion for the first time ever.

FXSpotStream’s record ADV in September 2024

In September, FXSpotStream reported an ADV of $101.9 billion, marking a 5% increase from the $96.8 billion seen in August. The growth in trading volumes is a clear indicator of the company's upward momentum, although it's worth mentioning that September had only 21 trading days, compared to 22 in August and 23 in July.

While the spot ADV showed a slight dip, landing at $72 billion compared to $73.2 billion in the previous month, the “other ADV” category grew by more than $6 billion to nearly $30 billion. This growth played a key role in pushing total volumes to a new all-time high.

Compared to the same period last year, FXSpotStream saw a significant 55% increase in its ADV. This was consistent with a broader trend across major FX trading platforms, as venues like Euronext FX, 360T, Cboe, and Click 365 also posted year-over-year gains.

However, on a month-to-month basis, some platforms saw declines, with Japan's Click 365 seeing a notable drop of over 33%, resulting in 1.9 million contracts.