e-Forex spoke with Alan F. Schwarz, FXSpotStream’s CEO, to hear about how the fully disclosed supported model continues to perform so well.
The increase in non-spot trading on FXSpotStream is a real growth story for you. Why is that and where is the interest focused?
Actually, all of our supported products continue to show robust growth. March was an all-time record for us with ADV hitting a record of USD62.4 billion and our overall volume reaching an all-time high of USD1.372 trillion. At the same time, since adding NDFs to our Service in 2017, we have seen tremendous growth in our Forwards and NDF volumes. Why is this a focus for us? Though the Forwards and NDFs volume is smaller compared with our spot volumes, it broadens our outreach in terms of who we can do business with.
Clients like the efficiencies we provide in connecting to one API and trading with up to 15 global FX banks. Similarly, the ability to trade all the FX and PM products they need down one channel helps them save time and money.
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In February 2022, FXSpotStream registered a new high in terms of supported volume with an ADV of USD63.135bn. This represented a 19.15% increase MoM (compared to Jan ’22) and a 27.3% increase YoY (vs Feb ’21). The previous ADV high was in March 2020 as volatility around the Covid-19 pandemic reached its peak. Furthermore, February…
In 2021, FXSpotStream registered an ADV of USD48.397billion, an increase of 13.48% YoY vs. 2020 as we continue 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…
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FXSpotStream has crossed the USD50 Trillion mark in volume supported over the Service since going live. Volumes over FSS have grown every year since FSS first launched, and in 2020 FXSpotStream registered as the fastest growing eFX service for the third consecutive year. Not only is this is a great milestone, but it also demonstrates…
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In March 2021, FXSpotStream posted an ADV of USD54.674billion, an increase of 10.24% MoM vs February. March’s second highest ADV on record comes on the heels of the second highest ADV previously recorded last month, and trails only March 2020 when the FX market saw extreme volatility due to the Covid-19 outbreak. March ’21 also…