KCG Hotspot on Course for a Month of Plenty and a Quarter to Savour
Monday,29/09/2014|06:54GMTby
George Tchetvertakov
KCG Hotspot is likely to announce it is transacting ~32% more trading volume compared to August and ~33% higher from September 2013. Forex Magnates reports on the venues' stellar month with two trading days still to go.
KCG Hotspot, a prominent FX trading venue, is on course to publish sharply higher FX trading volumes for both September and Q3 2014, if inferencing from statistics already available.
During the course of September 2014, KCG Hotpsot has been averaging $38.1bn in average daily trading volume (ADV). With only today (29th) and tomorrow (30th) open for trading, the trading month and quarter are almost complete. If the trading month of September ended today – KCG Hotspot is transacting 32% more trading volume compared to August 2014 and 33% higher than September 2013. The FX market has truly gotten back to work after the summer doldrums at KCG.
On a quarter-on-quarter basis, Forex Magnates estimates that the trading venue will publish in excess of a 16% rise in ADV compared to Q2 2014 and approximately a 7% rise versus Q3 2013, when official figures are posted in the first couple of weeks in October. It’s fairly likely that KCG Hotspot will surpass the $2 trillion barrier for total FX volume in the third quarter of 2014.
Adding Fuel to the Volumes Fire
To add fuel to the fire, the two remaining trading days are not likely to be on the tame side in terms of Volatility. Both key European and Asian macro-data will be released which are directly linked to key themes influencing the currency market i.e. European inflation and debt, as well as Asian growth sustainability.
On Monday, financial markets, including highly sensitive currencies, will respond to German and Spanish inflation data and an Italian 10-year bond auction. Both releases could have a profound effect on EUR valuations and increase FX trading volumes at venues across the board – including KCG Hotspot.
On Tuesday, late in the European trading session, Asian markets will be in focus as the Bank of Japan (BoJ) publishes its quarterly Tankan survey which estimates the relative level of general business conditions in Japan. Spikes in both JPY and Nikkei trading activity is expected.
Volumes for Q3 2014
Volumes data from a host of trading venues is expected to be published over the first couple of weeks of October, the start of the fourth quarter. Most venues are expected to show better figures compared to August for various reasons, including a surge in FX volatility due to central bank 'open-mouth' operations by the Fed, ECB and Bank of England. In addition, the Scottish independence vote speculation in particular, was a huge focus point for a considerable portion of Q3 2014.
Forex Magnates will bring readers the latest volume statistics for the third quarter from a broad range of trading venues over the coming weeks.
KCG Hotspot, a prominent FX trading venue, is on course to publish sharply higher FX trading volumes for both September and Q3 2014, if inferencing from statistics already available.
During the course of September 2014, KCG Hotpsot has been averaging $38.1bn in average daily trading volume (ADV). With only today (29th) and tomorrow (30th) open for trading, the trading month and quarter are almost complete. If the trading month of September ended today – KCG Hotspot is transacting 32% more trading volume compared to August 2014 and 33% higher than September 2013. The FX market has truly gotten back to work after the summer doldrums at KCG.
On a quarter-on-quarter basis, Forex Magnates estimates that the trading venue will publish in excess of a 16% rise in ADV compared to Q2 2014 and approximately a 7% rise versus Q3 2013, when official figures are posted in the first couple of weeks in October. It’s fairly likely that KCG Hotspot will surpass the $2 trillion barrier for total FX volume in the third quarter of 2014.
Adding Fuel to the Volumes Fire
To add fuel to the fire, the two remaining trading days are not likely to be on the tame side in terms of Volatility. Both key European and Asian macro-data will be released which are directly linked to key themes influencing the currency market i.e. European inflation and debt, as well as Asian growth sustainability.
On Monday, financial markets, including highly sensitive currencies, will respond to German and Spanish inflation data and an Italian 10-year bond auction. Both releases could have a profound effect on EUR valuations and increase FX trading volumes at venues across the board – including KCG Hotspot.
On Tuesday, late in the European trading session, Asian markets will be in focus as the Bank of Japan (BoJ) publishes its quarterly Tankan survey which estimates the relative level of general business conditions in Japan. Spikes in both JPY and Nikkei trading activity is expected.
Volumes for Q3 2014
Volumes data from a host of trading venues is expected to be published over the first couple of weeks of October, the start of the fourth quarter. Most venues are expected to show better figures compared to August for various reasons, including a surge in FX volatility due to central bank 'open-mouth' operations by the Fed, ECB and Bank of England. In addition, the Scottish independence vote speculation in particular, was a huge focus point for a considerable portion of Q3 2014.
Forex Magnates will bring readers the latest volume statistics for the third quarter from a broad range of trading venues over the coming weeks.
Retail Trading & Prop Firms in 2025: Five Defining Trends - And One Prediction for 2026
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
