FXSpotStream Posts Total Trading Volume of $1.08 Trillion in June 2021

Fazzaco learned that FXSpotStream, which provides a multibank Forex and precious metals streaming service, has posted its trading volumes for the month of June.

Total trading volumes for the company in June came in at $1.08 trillion, which is up 13.4 percent compared to the figure recorded in June 2020 of $952 billion. The average daily volume (ADV) rose by 3.7 percent to $49.01 billion in June compared to May 2021.

Fazzaco reported that, for May, FXSpotStream saw a total trading volume of $994 billion. According to the May 2021 statistics, the ADV jumped by 31.1 percent to $47.3 billion compared to May 2020. And the latest ADV numbers soared by 43.4 percent compared to the figure recorded in April.

​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.