Another company to experience a considerable increase in volume for January 2013 is Hotspot FX, reporting a 38% rise in average daily volumes (ADV) from December 2012, giving the platform an encouragingly strong start to this year compared to the previous January. This is particularly encouraging as 2012 was a year for low volumes industry-wide. January’s posted an ADV of $27.1 billion with a total of $596.9 billion transacted on the platform.

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Owner Knight Capital Group is actively engaged in a merger with GETCO at present, which is likely to go ahead in April this year. This is a factor which may affect Hotspot FX’s direction during the course of the year ahead.

The monthly statistics for January 2013 are:

Monthly Statistics:

USD Dollar Value Traded Average Daily Volume (ADV)

January 2013 $596.9 Billion $27.1 Billion

December 2012 $392.2 Billion $19.6 Billion

Volume Breakdown

In January 2013, the Asian and European sessions had an uptick in trading activity by 1.69% and 2.941% respectively. The American session contracted by 4.61%.

Volume percentages by time zone were:

Asia Europe Americas

15.82% 45.01% 39.16 (Figures for January 2013)

14.13% 42.1% 43.77% (Figures for December 2012)

The Top Five currency pairs by volume percentage were as follows:

EURUSD 34.87%
USDJPY 15.90%
AUDUSD 10.14%
GBPUSD 9.71%
USDCAD 5.92%

In January 2013, the vast majority of the Top 20 pairs experienced a slight contraction in volume. The exception and largest increase occurred in EUR/USD which gained 1.11%. In ranking of the pairs was similar to the previous month. However, EUR/CHF displaced USD/MXN to return as the 10th most active pair. Additionally, USD/SGD rejoined the listing as 18th most active and USD/SEK was removed.