KCG Hotspot on Course for a Month of Plenty and a Quarter to Savour UPDATED

With Q3 now complete, Forex Magnates can confirm that KCG Hotspot transacted 39% more FX trading volume compared to August


KCG Hotspot has published initial trading metrics for the month of September. The closing of the month completes a very fruitful quarter for the international trading venue. As Forex Magnates reported earlier this week, KCG was on track to achieve over 30% trading volume growth compared to August 2014 (month-on-month) and September 2013 (year-on-year) respectively.

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The finalised trading metrics as published at close of business on the 30th of September by KCG show the following:

Monthly Overview

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Source: KCG Hotspot

Quarterly Overview

Source: KCG Hotspot

Total trading volumes at KCG have risen 39% compared to August 2014 and 40% compared to September 2013. On a quarterly basis, total FX volume has risen 17% compared to Q2 2014 and 6.5% compared to Q3 2013. The trading venue narrowly missed the $2 trillion mark for total FX volume transacted.

Industry Volumes in Q3 2014

Volumes data from a host of trading venues is expected to be published over the first couple of weeks of October, the start of the fourth quarter. Most venues are expected to show better figures compared to August for various reasons, including a surge in FX volatility due to central bank ‘open-mouth’ operations by the Fed, ECB and Bank of England. In addition, the Scottish independence vote speculation in particular, was a huge focus point for a considerable portion of Q3 2014.

Forex Magnates will bring readers the latest volume statistics for the third quarter from a broad range of trading venues over the coming weeks.

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