Hotspot FX Continues Positive Tempo in May, Volumes Up 14%
Friday,14/06/2013|15:42GMTby
Adil Siddiqui
Brokers and trading venues have welcomed volumes for the month of May with arms wide open, across the board volumetric data has been positive. Hotspot FX saw volumes increase by 14% month on month in May.
Hotspot, part of Knight Capital has announced trading volumes for May. The foreign Exchange ECN has seen another positive month with average daily trade volumes for the month of May reaching $33.7 billion, an increase of 14% from a month earlier where the venue hit $29.5 billion.
Metrics
In May 2013, Hotspot FX volumes dramatically outperformed its peers. Average daily volume was $33.7 billion, a 14% increase from April 2013 and 19.3% increase year over year. A total of $774.7 billion was transacted which is a record in total volume for a calendar month. Among the publicly reported spot FX venues (Hotspot FX, ICAP/EBS, Reuters), Hotspot FX accounted for a record 11.2% of the market share in May 2013. Surpassing the previous market record set in April 2013 of 10.3%.
May 2013 Statistics (Single Count, USD):
Hotspot FX posted an ADV of $33.7 billion. (based on 23 trading days)
ADV increased 14.0% versus April 2013. (April 2013 ADV: $29.5 billion)
ADV increased 19.3% versus May 2012. (May 2012 ADV: $28.2 billion)
Total Volume: $774.7 billion. (Record Total for a Calendar Month)
Hotspot's extending volumes show consistency among all major FX venues that recorded increasing volumes, although April was more volatile with strong movements in Gold and the aftermath of the Cyprus crisis, May has continued the winning streak.
Volume Data - Source Hotspot
Hotspot is part of the pact of three ECNs that hold tier 2 status behind inter dealers; Reuters and EBS. FXall’s volumes have been climbing considerably since the venue launched over a decade ago and the ECN achieved the formidable $100 billion a day mark in December 2012.
Knight Capital came under the radar last year after major technical issues saw the market maker lose $460 million in one day due to a computer glitch. The market maker that holds 17.3% share of the NYSE (according to data supplied by the broker) was given a $400 million lifeline.
Volume other venues - Source Hotspot
The ECN market saw an influx of trading venues last year, each has its own niche with some opening their doors to high frequency trading and others looking at creating open trading environments.
Hotspot, part of Knight Capital has announced trading volumes for May. The foreign Exchange ECN has seen another positive month with average daily trade volumes for the month of May reaching $33.7 billion, an increase of 14% from a month earlier where the venue hit $29.5 billion.
Metrics
In May 2013, Hotspot FX volumes dramatically outperformed its peers. Average daily volume was $33.7 billion, a 14% increase from April 2013 and 19.3% increase year over year. A total of $774.7 billion was transacted which is a record in total volume for a calendar month. Among the publicly reported spot FX venues (Hotspot FX, ICAP/EBS, Reuters), Hotspot FX accounted for a record 11.2% of the market share in May 2013. Surpassing the previous market record set in April 2013 of 10.3%.
May 2013 Statistics (Single Count, USD):
Hotspot FX posted an ADV of $33.7 billion. (based on 23 trading days)
ADV increased 14.0% versus April 2013. (April 2013 ADV: $29.5 billion)
ADV increased 19.3% versus May 2012. (May 2012 ADV: $28.2 billion)
Total Volume: $774.7 billion. (Record Total for a Calendar Month)
Hotspot's extending volumes show consistency among all major FX venues that recorded increasing volumes, although April was more volatile with strong movements in Gold and the aftermath of the Cyprus crisis, May has continued the winning streak.
Volume Data - Source Hotspot
Hotspot is part of the pact of three ECNs that hold tier 2 status behind inter dealers; Reuters and EBS. FXall’s volumes have been climbing considerably since the venue launched over a decade ago and the ECN achieved the formidable $100 billion a day mark in December 2012.
Knight Capital came under the radar last year after major technical issues saw the market maker lose $460 million in one day due to a computer glitch. The market maker that holds 17.3% share of the NYSE (according to data supplied by the broker) was given a $400 million lifeline.
Volume other venues - Source Hotspot
The ECN market saw an influx of trading venues last year, each has its own niche with some opening their doors to high frequency trading and others looking at creating open trading environments.
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#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
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#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
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Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
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-Stephen Miles, Chief Revenue Officer at FYNXT
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#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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Connect with us at:
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🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
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- Regional regulation and the realities of compliant acquisition
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
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Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
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