Hotspot FX Posts March Volumes – Down 12.1% MoM

OTC FX ECN, Hotspot FX has posted its March trading volumes. For the month, average daily volumes (ADV) were $26.4

hotspot logoOTC FX ECN, Hotspot FX has posted its March trading volumes. For the month, average daily volumes (ADV) were $26.4 billion, a 12.1% decline from February and 10.2% below the same period last year. Over the recently closed quarter, ADV was $27.8 billion, flat compared to Q1 2012, but 30.9% above Q4 2012’s figures. Not surprising, among individual currencies, yen crosses saw the biggest declines, while the EURUSD strengthened its place as the number one currency traded on the platform.

Volume Snapshot

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In March 2013, Hotspot FX posted an Average Daily Volume (ADV) of $26.4 billion and a total of $554.8 billion was transacted through the platform. Among publicly reported spot FX volumes (Hotspot FX, ICAP/EBS, Reuters), Hotspot FX accounted for 9.5% of the market share in March 2013 and 9.4% in Q1 2013.

March 2013 Statistics (Single Count, USD):

  • Hotspot FX posted an ADV of $26.4 billion. (based on 21 trading days)
  • ADV decreased 12.1% versus February 2013. (February 2013 ADV: $30.1 billion)
  • ADV decreased 10.7% versus March 2012. (March 2012 ADV: $29.4 billion)
  • Total Volume: $554.8 billion.

Q1 2013 Statistics (Single Count, USD):

  • Q1 2013 ADV of $27.8 billion. (based on 63 trading days)
  • ADV increased 30.9% vs. Q4 2012. (Q4 2012 volume: $21.4 billion)
  • ADV remained Flat vs. Q1 2012. (Q1 2012 ADV: $27.8 billion)
  • Total volume was $1,753.1 billion.

Monthly Statistics:
USD Dollar Value Traded                        Average Daily Volume (ADV)
March 2013                        $554.8 Billion                                     $26.4 Billion
March 2012                        $647.5 Billion                                     $29.4 Billion

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Quarterly Statistics
USD Dollar Value Traded                         Average Daily Volume (ADV)
Q1 2013                            $1753.1 Billion                                     $27.8 Billion
Q2 2012                            $1810.1 Billion                                    $27.8 Billion

Volume Breakdown

Asia                    Europe                    Americas
Volume Percentage (March 2013)        12.72%                42.18%                    45.09%
Volume Percentage (February 2013)    13.59%              45.38%                    41.04%

The Top Five currency pairs by volume percentage were as follows:

EURUSD 36.03%
USDJPY 13.98%
GBPUSD 12.25%
AUDUSD 10.11%
USDCAD 6.73%

In March 2013, notable volume fluctuations occurred for several of the Top 10 pairs. The largest movement occurred in: USD/JPY (-2.06%), EUR/JPY (-1.37%) and GBP/USD (+1.08%). USD/MXN regained the position as the 10th most active pair; resulting in a ranking swap with EUR/CHF. Several of the remaining pairs in the Top 20 experienced a shuffle in ranking as volume changes ranged from – .17% to +.20%. Most evident, AUD/JPY climbed to 16th (19th Feb 2013) and EUR/AUD and AUD/NZD dropped to the respective 18th and 19th positions (13th and 15th Feb 2013).

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