FXSpotStream Adjusts its Volume Reporting
Posted by Colin Lambert. Last updated: August 30, 2023
FXSpotStream is increasing the transparency around its platform by changing how it reports its monthly FX volume data to provide more granularity.
From September, the platform will break out spot FX volumes to provide a better understanding of where trading is taking place and report this, alongside “other” FX products such as NDFs and swaps.
Last month, FXSpotStream reported average daily volume of $65.1 billion, thus far in 2023, it has averaged over $61 billion per day across all products.
“The decision to change the way we report our volumes was a simple one and aims to bring us in line with the rest of the market,” explains Tom San Pietro, CTO and acting CEO of FXSpotStream. “Our core product is, and always has been spot and we see that reflected in our volumes. We feel that the move helps to improve transparency in the FX market and highlights the excellent work that is being done on a daily basis at FXSpotStream.”