HotSpot posts monthly volume record in October 2011 – $68.3 billion daily

Looks like unlike ICAP and Reuters October 2011 volumes which dropped by 7% and 11% respectively HotSpot managed to keep

Looks like unlike ICAP and Reuters October 2011 volumes which dropped by 7% and 11% respectively HotSpot managed to keep growing albeit by a very small percent.

OCTOBER 2011 Volume in Absolute Figures (USD Dollars Traded)

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October 2011 was a record month for Hotspot FX in terms of average daily volume (ADV) as $68.3 billion was transacted on the platform, a 54.5% increase vs. October 2010. Total volume for the month was $1,433.9 billion. Hotspot FX also experienced its highest market share performance in October 2011, accounting for 9.5% of the publicly reported volume (up from 8.7% September 2011).

October 2011 Statistics:

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  • Hotspot FX posted an ADV of $68.3 billion. (based on 21 trading days)
  • ADV increased 0.2% versus September 2011. (September 2011 ADV: $68.2 Billion)
  • Volume increased 54.5% versus October 2010.
  • Total Volume: $1,433.9 billion.

Monthly Statistics:

USD Dollar Value TradedAverage Daily Volume (ADV)
October 2011$1,433.9 Billion$68.3 Billion
October 2010$928.0 Billion$44.2 Billion

To view Knight Capital’s cross-asset class volume breakdown, please use the URL: http://www.knight.com/ourFirm/volumeStats.asp

2. OCTOBER 2011 Volume Breakdown

Comparing October 2011 to September 2011, the European and Americas sessions continued to experience the market share swings exhibited the previous month. However, in a reversal to September 2011, the European session decreased by 3.79% while the Americas increased by 3.13%. The Asian session also increased by .66%.

Note: HotSpot doublecounts its volumes.

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