HotSpot reports record trading day in July and growth of 88% from same month last year

It seems this summer's volatility is going to bring overall forex trading volume to record heights. Up until now most

It seems this summer’s volatility is going to bring overall forex trading volume to record heights. Up until now most major brokers and liquidity providers/venues have reported higher volume than usual and we haven’t seen the August data yet. HotSpot too is reporting a record month in July which saw its volumes up almost 100% from the same month last year.

July 2011 had a busy start of the month at Hotspot FX, which set a new volume record on July 12, 2011 with over $110 billion transacted on the platform. As elsewhere, volumes slowed late in the month largely due to uncertainty over the US debt ceiling. July concluded with average daily volume of $62.1 billion and total volume of $1,304.4 billion.

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July 2011 Statistics:

  • Hotspot FX posted an ADV of $62.1 billion. (based on 21 trading days)
  • Record volume of $110.1 billion transacted on July 12, 2011 (surpassing prior record of $105.3 billion May 5, 2011)
  • ADV decreased 9.7% versus June 2011 (June 2011 ADV: $66.6 Billion).
  • Volume increased 88.8% versus July 2010.
  • Total Volume: $1,304.4 billion.

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* – note that HotSpot for some reason always double-counts the numbers so comparing to volumes of EBS and Reuters you need to halve HotSpot’s volume.

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