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)
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.
|USD Dollar Value Traded||Average 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.