Muted Changes Seen at FXSpotStream and Integral Volumes for July

Activity on FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, dropped slightly last month but still well above the $900 billion mark across its streaming and matching products. The company reported an average daily volume (ADV) of $40.4 billion, which is lower on a monthly basis by -7 percent from $43.2 billion back in June 2020. Still, the ADV figure was higher by 11 percent from year-ago levels when weighed against $36.2 billion in July 2019.

FXSpotStream also saw a mild drop across its total trading volumes in July 2020 after reporting just $929 billion for the month, down three percent from $952 billion in June. The difference can’t be explained by fewer working days since July saw a total of 23 trading days relative to 22 days as it had been in the month prior.

FXSpotStream provides a multibank FX aggregation service for spot FX trading. The platform operates as a bank-owned consortium that provides the infrastructure to facilitate the route of trades from clients to liquidity providers.

Integral reports a slight advance

Elsewhere, institutional trading platform provider Integral reported its monthly ‎trading volumes for July, which improved compared to the June and also the year earlier.

Integral said the average daily volumes (ADV) across its platforms totaled $37.4 billion in July 2020, which was higher by 6.6 percent over a monthly timeframe, compared to $35.1 billion in June.

Additionally, July volumes were above those reached in the same month a year ago. Specifically, the latest figures reflect a ten percent increase when weighed against the metrics of July 2019.

Overall, the changes in volumes across major ECNs and institutional platform were muted compared to 2019, aside from a small drop month-over-month that may have been due to lower volatility across certain currencies in the reported month.