Hotspot, a leading FX ECN venue has posted promising results for September 2012. The figures showed increase of 23.1% over the previous month.
Hotspot FX volumes in September and Q3 2012 were in step with industry trends. Average Daily Volume (ADV) recovered and rose by 23.1% vs. August 2012, and declined 14.2% vs. Q2 2012. Among publicly reported spot FX volumes (Hotspot FX, ICAP/EBS, Reuters, FXall), Hotspot FX accounted for 8.8% of the market share in September and Q3 2012 (previous: 8.4% in August 2012 and 8.9% Q2 2012).
September 2012 Statistics (Single Count, USD):
Hotspot FX posted an ADV of $25.8 billion. (based on 20 trading days)
ADV increased 23.1% versus August 2012. (August 2012 ADV: $21.0 billion)
ADV declined 24.3% versus September 2011. (September 2011 ADV: $34.1 billion)
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Total Volume: $516.2 billion.
Q3 2012 Statistics (Single Count, USD):
Q3 2012 ADV of $24.1 billion. (based on 65 trading days)
ADV decreased 14.2% vs. Q2 2012. (Q2 2012 volume: $28.1 billion)
ADV decreased 25.1% vs. Q3 2011. (Q3 2011 ADV: $32.2 billion)
Total volume was $1,569.1 billion.