FXSpotStream Reveals a Significant Rise In Its Spot Average Trading Volumes In June
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FXSpotStream, a company that allows customers to check the prices of currencies from different banks in a single platform, announced that its average trading volumes for June increased. The company said its spot average trading volumes grew 39% year-over-year. It reported that other average trading volumes boosted 85% year-on-year from $14 billion.
FXSpotStream Announces A 9.7% Surge In ADV
The average daily volume (ADV) for spot trading increased by 10%, from $62.4 billion to $68.8 billion in June. Likewise, the ADV for other trades increased by 8%, from $24 billion to $26 billion. The platform’s overall ADV reached $94.8 billion. This result shows a 9.7% rise from $86.4 billion in May.
In a separate context, 360 T’s daily trading volumes fell to just over $2.5 billion, down from more than $3.2 billion in May, a 21% decrease. This drop might be because June had fewer trading days.
On Click 365, designed by Tokyo Financial Exchange, the amount of trading was 2,315,198. This was 4.2% less than last month’s value and 15.8% less than the value last year. On average, each day, there were 115,760 trades. The Mexican Peso-Japanese Yen was traded the most. There were 655,124 trades in total and 32,756 trades each day. This was 24.6% more than last month and 23.1% more than last year.
According to the update, the total trading amount on Cboe went down 2% from $970,822 to $950,283. However, the average daily trading amount went up 12% from $42,209 to $47,514. There were 23 trading days in May and 20 trading days in June.
The Trading Company Saw A Record Average Daily Volume Of $82.6 Billion In March
Many individuals wanted more forex trading tools in March. FXSpotStream showed a record average daily volume of $82.6 billion. This was 14% more than last month and 23% more than last year. In January, the average was $73.6 billion; in February, it was $72.3 billion. This made it the best quarter ever.
FXSpotStream is a group that was created in 2011 and owned by several banks. It helps with open trading of foreign currencies and precious metals, uses ESP and RFS trading methods, and offers special tools from money providers. The banks in FXSpotStream give clients the money they need to trade.
Forex is the biggest and most active market in the world. In 2020, it was worth $2.4 quadrillion. Surprisingly, this market didn’t exist 100 years ago. Unlike ancient stock markets, the forex market is new. Over time, it has changed a lot, going from a local system to a digital and decentralized one.
