2021: A Year In Review
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 a 102% increase in ADV for NDFs.
In 2021, FXSpotStream also achieved several other volume related milestones. Overall Volume for the year 2021 crossed the USD12trillion mark for the first time in the company’s history. FXSpotStream crossed the USD1trillion mark in terms of monthly Overall Volume in seven months in 2021, compared to only once in prior years. March 2021 registered as the second highest ADV on record for FSS, with November 2021 as the third.
CEO and co-founder, Alan Schwarz said, “2021 was a tremendous year for the company as we also celebrated our ten-year anniversary. During these still challenging times with the global pandemic, our accomplishments would not have been possible without the support of our loyal clients and LPs as well as a dedicated global team at FXSpotStream.
While we always reflect on our past success, our focus continues to be on the future. We are always looking for ways to improve the Service. Last year we added support for Algos and Allocations, as well as announcing major upgrades to our infrastructure with the upcoming deployment of our low-latency architecture. We are tremendously excited for the many initiatives we are progressing this year and the enhanced services we are delivering to our LPs and clients. We expect another successful year for FXSpotStream in 2022 with growth in all aspects of the business.”