FXSpotStream celebrated an excellent start to 2016 with MoM ADV up 52% in January. February ADV was up 5% vs January and increased 57% YoY. Client numbers have also increased significantly, up 27% on the same period as last year.
Alan F. Schwarz, CEO, stated: “We’ve expanded our customer support teams in New York, Europe and Tokyo and will continue to do so as we believe our superior customer service has helped win business. As the FX market structure changes, participants are paying more attention to the fees that they are paying to venues and are demanding more transparency on the cost of trading. FXSpotStream is winning business because we focus on lowering costs for market participants combined with excellent customer service.”