FXSpotstream Europe Unveils Growth in All Major Financial Indicators in 2022, with Net Profit up 34% YoY

FXSpotstream Europe, the EMEA unit of the FX streaming aggregation service provider FXSpotStream, has released its financial results for the full year of 2022, disclosing that all major financial indicators delivered growth compared to 2021.

Gross revenue for the year came in at $2.6 million, rising from $1.9 million in 2021. After subtracting costs, the operating profit reached $123,000, compared to that of the prior year at $108,000.

FXSpotstream Europe generated net profit in 2022 of $112,407, 34 percent higher over $83,703 in 2021. The branch ended the year with retained earning of $607,580, an increase of over $100,000 year-over-year.

Early this month, Fazzaco reported that FXSpotStream's monthly trading volumes for May 2023​ stood at $1.28 trillion, up 16 percent compared to $1.1 trillion in April.