KCG Hotspot Forex Trading Volumes Rise 20.5% MoM

KCG Hotspot, one of the world’s largest FX trading venues, has published preliminary trading volumes for the month of August 2014. KCG has announced daily average trading volumes of $28.9bn US dollars with total August trading volumes at $606.9bn US dollars.

Average daily trading volumes in August rose 20.5% while total volumes climbed 10% compared to July 2014. When compared to performance in 2013, August figures paint a different picture. Year-on-year, total volumes declined slightly by 2.98% while average daily volume for August rose by 3.07%. However, August 2013 had one extra trading day which slightly skews the overall picture.

As we await the full report from KCG Group, it seems that although trading activity is picking up month-on-month as the summer lull comes to and end, the broader theme of low FX market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term continues with August 2014's numbers failing to beat those from last year.