In October, FXSportStream’s total average daily volume (ADV) increased 2% month-on-month (MoM) to $67.8 billion. The company’s spot ADV jumped 1.14% MoM to $52.8 billion, while the “Other ADV” category reached $15 billion.
In September, FXSportStream’s spot ADV was $52.2 billion, and the “Other ADV” category stood at $14 billion. The total ADV for the month amounted to
$66 billion. These figures highlighted the company’s ability to maintain stability in the face of
evolving market conditions.
Amidst declining forex volumes, the New Jersey-based
provider of multibank price streaming services reported a decrease in ADV for August, which fell to $60.8 billion. This occurred after two months of
rising figures, mirroring the overall trend in the institutional forex
market. Finance Magnates reported that August exhibited mixed results for FXSportStream’s spot
forex transactions among institutional investors, with a predominantly downward
trajectory.
Regarding the total trading volume, FxSpotStream
recorded $1.39 trillion in August, an uptick compared to July.
However, it’s essential to consider that August had more trading days, with
investors having 23 days to place their orders, in contrast to 21 in
the previous month.
FxSpotStream’s ADV Trends
The value of spot ADV experienced a drop from $52.5 billion
in July to $48 billion in August. In the “Other ADV”
category, there was a modest boost from $12.5 billion to $12.7 billion, but
it wasn’t sufficient to offset the declines in the spot market volumes.
In August, FXSpotStream announced that it was
preparing for a change in leadership. Jeff Ward, the Global Head of Electronic
Brokering Services at CME Group, is set to take the reins as CEO in January.
This transition happened after the company’s Founder, Alan Schwarz, announced
his departure earlier in the year.
LiquidityMatch, the parent company of FXSpotStream,
confirmed that Jeff Ward will assume the role of CEO, with his tenure
commencing on the first day of 2024. Meanwhile, Tom San Pietro, the Chief
Technology Officer of FXSpotStream, will continue to oversee the company’s
operations until the end of the year.
In October, FXSportStream’s total average daily volume (ADV) increased 2% month-on-month (MoM) to $67.8 billion. The company’s spot ADV jumped 1.14% MoM to $52.8 billion, while the “Other ADV” category reached $15 billion.
In September, FXSportStream’s spot ADV was $52.2 billion, and the “Other ADV” category stood at $14 billion. The total ADV for the month amounted to
$66 billion. These figures highlighted the company’s ability to maintain stability in the face of
evolving market conditions.
Amidst declining forex volumes, the New Jersey-based
provider of multibank price streaming services reported a decrease in ADV for August, which fell to $60.8 billion. This occurred after two months of
rising figures, mirroring the overall trend in the institutional forex
market. Finance Magnates reported that August exhibited mixed results for FXSportStream’s spot
forex transactions among institutional investors, with a predominantly downward
trajectory.
Regarding the total trading volume, FxSpotStream
recorded $1.39 trillion in August, an uptick compared to July.
However, it’s essential to consider that August had more trading days, with
investors having 23 days to place their orders, in contrast to 21 in
the previous month.
FxSpotStream’s ADV Trends
The value of spot ADV experienced a drop from $52.5 billion
in July to $48 billion in August. In the “Other ADV”
category, there was a modest boost from $12.5 billion to $12.7 billion, but
it wasn’t sufficient to offset the declines in the spot market volumes.
In August, FXSpotStream announced that it was
preparing for a change in leadership. Jeff Ward, the Global Head of Electronic
Brokering Services at CME Group, is set to take the reins as CEO in January.
This transition happened after the company’s Founder, Alan Schwarz, announced
his departure earlier in the year.
LiquidityMatch, the parent company of FXSpotStream,
confirmed that Jeff Ward will assume the role of CEO, with his tenure
commencing on the first day of 2024. Meanwhile, Tom San Pietro, the Chief
Technology Officer of FXSpotStream, will continue to oversee the company’s
operations until the end of the year.
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