KCG Hotspot Posts Small Decline in August FX Volumes
- KCG has posted August volume data for Hotspot, its FX trading platform. During the month, average daily volumes fell 2.1% from July’s results to $28.0 billion, but were 33% above the same period last year.
KCG has posted August volume data for Hotspot, its FX Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. During the month, average daily volumes fell 2.1% from July’s results to $28.0 billion, but were 34% above the same period last year. Total volume during August was $616.9 billion. The overall decline from June’s year high in volumes, is similar to contraction that was witnessed at rival ECN platforms, Thomson Reuters and FXall, but well above the underperformance taking place at EBS.
In individual currencies, there were some interesting data points. EURUSD trading fell from 30.52% of all volume to 26.90%, while the USDJPY, GBPUSD, and USDCHF saw increases in market share. The rise of market share in the USDJPY from 12.94% to 13.74% occurred even as activity in the yen was muted during August.
Overall declines in FX volumes during August, were affected by the typical seasonal slowdown experienced during the summer. Similar declines were seen in KCG’s equity and fixed income volumes.
On the news, shares of KCG (KCG:N) are trading unchanged in pre-market trading at $8.45. Since the finalizing of the Knight Capital and Getco Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term, shares have been under pressure, and are down around 25% from their July highs. Shares have been affected by concerns among traders, that US regulators will apply new rules to restrict high frequency trading, which could lead to decreased volumes for KCG and increased platform monitoring expenses.
Hotspot August Volumes
KCG has posted August volume data for Hotspot, its FX Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. During the month, average daily volumes fell 2.1% from July’s results to $28.0 billion, but were 34% above the same period last year. Total volume during August was $616.9 billion. The overall decline from June’s year high in volumes, is similar to contraction that was witnessed at rival ECN platforms, Thomson Reuters and FXall, but well above the underperformance taking place at EBS.
In individual currencies, there were some interesting data points. EURUSD trading fell from 30.52% of all volume to 26.90%, while the USDJPY, GBPUSD, and USDCHF saw increases in market share. The rise of market share in the USDJPY from 12.94% to 13.74% occurred even as activity in the yen was muted during August.
Overall declines in FX volumes during August, were affected by the typical seasonal slowdown experienced during the summer. Similar declines were seen in KCG’s equity and fixed income volumes.
On the news, shares of KCG (KCG:N) are trading unchanged in pre-market trading at $8.45. Since the finalizing of the Knight Capital and Getco Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term, shares have been under pressure, and are down around 25% from their July highs. Shares have been affected by concerns among traders, that US regulators will apply new rules to restrict high frequency trading, which could lead to decreased volumes for KCG and increased platform monitoring expenses.
Hotspot August Volumes