FXSpotStream Posts Total Trading Volume of $1.05 Trillion in July 2021

Fazzaco learned that FXSpotStream, which provides a multibank Forex and precious metals streaming service, has posted its trading volumes for the month of July, showing a decline in institutional trading demand.

Total trading volumes for the company in July stood at $1.05 trillion. Though the average daily volume (ADV) fell by 2.4 percent to $47.9 billion in July compared to June 2021, it strengthened by 18.6 percent on a year-over-year basis.

Fazzaco reported that, for June, FXSpotStream saw a total trading volume of $1.08 trillion. According to the June 2021 statistics, the ADV jumped by 3.7 percent to $49.01 billion in June compared to May 2021. 

​Additionally, the platform has added FX Algos and Allocation functionality over its API. The new services has provided its clients with over 70 different Algos and more than 200 parameters offered by the Liquidity Providers (LPs). In the middle of June, the company hired Ross Smith​ as a Legal Consultant.