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 2014 and 40% more compared to September 2013. The trading venue almost reached $2 Trillion for Q3.
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.
The finalised trading metrics as published at close of business on the 30th of September by KCG show the following:
Monthly Overview
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 Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term 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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates will bring readers the latest volume statistics for the third quarter from a broad range of trading venues over the coming weeks.
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.
The finalised trading metrics as published at close of business on the 30th of September by KCG show the following:
Monthly Overview
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 Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term 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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates will bring readers the latest volume statistics for the third quarter from a broad range of trading venues over the coming weeks.