FXSpotStream Witnessed 6.2% Increase in March Average Daily Volume

Fazzaco learned that FXSpotStream, a FX streaming aggregation service provider, has published its monthly trading metrics for March 2023. The company witnessed an increase in its average daily volume (ADV) for the period compared to the prior month.

According to the data, the firm had a total volume figure of $1.536 trillion, compared with February's $1.257 trillion. The total figure in the month increased by 22 percent when compared with the previous month, while on a year-on-year basis it decreased by 4.8 percent. March had 23 trading days, compared to 20 in February.

The average daily volume (ADV) for March 2023 came in $66.8 billion, which is an increase of 6.2 percent on a monthly basis. On a yearly basis, ADV declined by 4.8 percent compared to the same period 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.