KCG Hotspot, the FX interbank dealing platform unit of multi-asset trading firm KCG, has released its September volumes. Average daily volumes (ADV) for the month were reported at $28.7 billion. The figures were 2.5% above August’s activity and an 11% increase from the same period in 2012.
Volumes on KCG Hotspot were similar to statistics we have seen from other FX interbank ECNs, such as EBS and Thomson Reuters, where month to month growth was seen. However, overall activity is still well below record figures that firms had been reporting during the second quarter. Hotspot’s volumes were also similar to KCG’s other trading results, where equity and bond trading during September rebounded from summer lows, but were below year highs seen in June.
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