FXSpotStream Posts Slightly MoM Increase in ADV for February 2023

FXSpotStream, a multibank Forex and precious metals streaming service provider, has published its 20-day trading volume for February 2023, seeing a slight increase in its daily trading volume on a monthly basis.

In February 2023, FXSpotStream's total trading volume decreased by 5.7% from $1,332,535 million in January 2023 to $1,257,133 million, comparing to  $1,262,691 million in February 2022.

The average daily volume (ADV) amounted to $62,857 million in the month, an increase of 3.8% compared to $60,570 million in the prior month and a decrease of 0.4% compared to $63,135 million in the same period of last year.

FXSpotStream began the year with a major leadership change. Alan F. Schwarz​, CEO of FXSpotStream, has stepped down after more than 11 years at the company, and his role has been temporarily taken over by the company’s CTO Tom San Pietro​.