Since Donald Trump’s election victory, currency markets have experienced heightened volatility. This is confirmed by data from the multibank FX aggregation services provider FXSpotStream, which recorded a total average daily volume (ADV) of $105.2 billion in February 2025, marking a new all-time high.

FXSpotStream Volume Reaches Historic Highs

According to FXSpotStream's data, February’s volumes surpassed the already strong results from January, when ADV reached $101.2 billion, nearly matching the previous record of $101.9 billion set in September 2024.

This time, the new record was broken with a solid 4% month-over-month (MoM) increase. Additionally, spot trading volumes hit an all-time high, averaging $75.13 billion daily, while the “other” category recorded $30 billion in daily volume.

Comparing these figures year-over-year, the growth is even more impressive. February’s volumes surged by nearly 50% compared to $72.3 billion in February 2024.

February Proves Favorable for FX Trading Venues

February’s strong ADV figures were partly supported by the shorter trading month, with only 20 trading days compared to 22 in January. Other FX trading venues also reported strong average daily volumes.

Among them was Click 365, the currency trading platform on the Tokyo Financial Exchange (TFX), which saw an 8% MoM increase in volume to 1.8 million contracts. This marked the first time in a while that the platform also posted year-over-year growth.

In the United States, Cboe FX volumes also climbed, reaching $48 billion in ADV.

ANZ Bank Joins FXSpotStream as a Liquidity Provider

Australia’s ANZ Bank has partnered with FXSpotStream to strengthen its foreign exchange liquidity services. With this collaboration, ANZ becomes the 17th global liquidity provider on the multibank FX aggregation platform, joining industry giants such as Bank of America, JPMorgan, and Barclays.

This partnership is expected to boost ANZ’s presence in the Asia-Pacific FX markets while aligning with FXSpotStream’s mission to reduce execution costs for traders.

Meanwhile, FXSpotStream Europe Ltd, which oversees operations in the EMEA region, reported strong financial performance. A recent filing with the UK’s Companies House revealed that the company’s turnover grew to $3.5 million, a 40% increase from $2.5 million the previous year.

Net profit also saw a notable rise of over 60%, marking yet another year of steady growth and reinforcing FXSpotStream’s expanding role in global FX markets.