Adding to concensus that there is a considerable increase in volumes industrywide this year is the latest volume report from Hotspot FX, whose volumes are 10.8% up from those of January.
Among publicly reported spot FX volumes (Hotspot FX, ICAP/EBS, Reuters), Hotspot FX increased in market share accounting for 9.5% in February 2013 versus 9.2% the previous month.
February 2013 Statistics (Single Count, USD):
Hotspot FX posted an ADV of $30.1 billion. (based on 20 trading days)
ADV increased 10.8% versus January 2013. (January 2013 ADV: $27.1 billion)
ADV increased 1.5% versus February 2012. (February 2012 ADV: $29.6 billion)
Total Volume: $601.4 billion.
2. Volume Breakdown
In February 2013, the European and American sessions gained +.37% and +1.88% in market share by respectively. Activity in the Asian session decreased by 2.23%.
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In February 2013, the Top 20 pairs largely experienced slight volume fluctuations and ranking shifts. Notable activity occurred in GBP/USD which increased by 1.46%; displacing AUD/USD to become the 3rd most active pair.
Additionally, AUD/NZD climbed to the 15th position (19th in Jan 2013) due to a .20% increase in activity. Lastly, GBP/JPY declined .26% in volume to become the 17th most active currency pair (13th in Jan 2013)
Relative Volume Chart