FXSpotStream Reports 19.2% Monthly Jump in February ADV

Fazzaco learned that FXSpotStream, a FX streaming aggregation service provider, has published its monthly trading metrics for February 2022. The company witnessed a jump in its total volume for the period compared to January 2022.

According to the press release, the firm had a total volume figure of $1.26 trillion, compared with January's $1.11 trillion. The total figure in February jumped by 9 percent when compared with the previous month, while on a year-on-year basis it increased by more than 21 percent.

The average daily volume (ADV) for February came in $63.1 billion, which is an increase of 19.2% on a monthly basis. On a yearly basis, ADV rose by 27.3% compared to the same period last year.

Earlier, FXSpotStream announced that it has registered an ADV of USD 48.397 billion in 2021, an increase of 13.48% YoY as it continues to gain market share. FXSpotStream reported positive YoY growth each month in 2021, with the exception of one. This growth was driven by positive YoY growth in all products, notably a 26.94% increase in Swaps ADV and a 102% increase in ADV for NDFs.