FXSpotStream's December ADV Jumps 37.6% YoY

Institutional FX services provider FXSpotStream recently reported its volumes for December, showing a slight decrease in ADV on a monthly basis.

ADV for the month of $42.787 billion, which was higher than the $31.091 billion reported back in December 2019(+37.6%). Additionally, this figure fell 3.86% compared to November 2020.

Total volume for the month of $941.305 billion, which was higher by more than 37 percent year-on-year from $684 ‎billion in December 2019.

December 2020 saw a total of 22 trading days, compared with 21 days in the previous month. 

Earlier in December, the company has continued its end-of-year hiring spree, announcing the addition of Pratik Mangarolia as AVP, Relationship Manager, Rupveen (Ripsy) Arora as VP, Relationship Manager, and Merg Limani as Regional Support Manager, Americas.