New Jersey-based FXSpotStream, the multi-bank price streaming service for the forex and swaps market, released its trading metrics for May 2023. The company reported $1.28 trillion in total monthly trading volumes, up 16% compared to $1.1 trillion in April. .
In this period, FXSpotStream recorded average daily volume (ADV) of $55.5 billion, which is up 0.3% month-over-month (MoM) from $55.3 billion in April. However, ADV fell 5% year-on-year from $58.4 billion in May 2022.
Overall, in the past three months, aggregate volumes have moved sideways, with the numbers for March, April, and May coming in at $1.53 trillion, $1.1 trillion, and $1.28 trillion, respectively. In the same months, the ADV change on a monthly basis was +6.2%, -17.2%, and +0.4%, respectively.
FXSpotStream data shows that market activity is recovering slightly since it rose steadily during the first three months of the year. In January, February, and March, the streaming service provider recorded $60.6 billion, $62.9 billion, and $66.8 billion, respectively, compared to March and April’s $55.3 billion and $55.5 billion.
Trading volumes in May 2023 by the forex aggregator platform, which includes Barclays, Citi and Commerzbank, among other liquidity providers like some of its clients, were spread over a 23-day period. In contrast, April and March volumes were recorded at 20 and 23 days, respectively.
Cboe FX, 360T, and Click365
Moreover, trading volumes at FXSpotStream May show similar trends to those seen in other trading venues, including Cboe FX Markets and 360t. Cboe FX Markets reported $938.9 billion in total trading volume in May, which is up 18.2% month over month.
By comparison, the figure was up 7.8% from the same period last year but was less than the $1.1 trillion in spot forex trading volume handled by an institutional platform in March. Moreover, Cboe FX’s ADV rose to $40.8 billion from $39.6 billion in the previous month.
Elsewhere, Europe’s largest institutional forex trading platform, Deutsche Börse 360T, saw trading volumes increase to $593.6 billion in May from $507 billion recorded in April. In Japan, forex derivatives platform Click365 recorded trading volumes of 24 million contracts in May, with a daily average of 108,365 contracts. Demand increased by 31.4% on the site compared to the previous month.
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New Jersey-based FXSpotStream, the multi-bank price streaming service for the forex and swaps market, released its trading metrics for May 2023. The company reported $1.28 trillion in total monthly trading volumes, up 16% compared to $1.1 trillion in April. .
In this period, FXSpotStream recorded average daily volume (ADV) of $55.5 billion, which is up 0.3% month-over-month (MoM) from $55.3 billion in April. However, ADV fell 5% year-on-year from $58.4 billion in May 2022.
Overall, in the past three months, aggregate volumes have moved sideways, with the numbers for March, April, and May coming in at $1.53 trillion, $1.1 trillion, and $1.28 trillion, respectively. In the same months, the ADV change on a monthly basis was +6.2%, -17.2%, and +0.4%, respectively.
FXSpotStream data shows that market activity is recovering slightly since it rose steadily during the first three months of the year. In January, February, and March, the streaming service provider recorded $60.6 billion, $62.9 billion, and $66.8 billion, respectively, compared to March and April’s $55.3 billion and $55.5 billion.
Trading volumes in May 2023 by the forex aggregator platform, which includes Barclays, Citi and Commerzbank, among other liquidity providers like some of its clients, were spread over a 23-day period. In contrast, April and March volumes were recorded at 20 and 23 days, respectively.
Cboe FX, 360T, and Click365
Moreover, trading volumes at FXSpotStream May show similar trends to those seen in other trading venues, including Cboe FX Markets and 360t. Cboe FX Markets reported $938.9 billion in total trading volume in May, which is up 18.2% month over month.
By comparison, the figure was up 7.8% from the same period last year but was less than the $1.1 trillion in spot forex trading volume handled by an institutional platform in March. Moreover, Cboe FX’s ADV rose to $40.8 billion from $39.6 billion in the previous month.
Elsewhere, Europe’s largest institutional forex trading platform, Deutsche Börse 360T, saw trading volumes increase to $593.6 billion in May from $507 billion recorded in April. In Japan, forex derivatives platform Click365 recorded trading volumes of 24 million contracts in May, with a daily average of 108,365 contracts. Demand increased by 31.4% on the site compared to the previous month.
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