Hotspot Volumes Up in June

by Adil Siddiqui
Hotspot Volumes Up in June

Hotspot FX an ECN provider announces strong monthly trade figures for June 2012, the figures are in line with other major ECN's such as FXall.

Hotspot is part of the Knight Capital Group a listed firm on NASDAQ.

Knight Capital's share price is currently trading at $10.78.

Volume Snapshot

Hotspot FX volumes in June and Q2 2012 continued to be in line with industry trends, posting month-over month increases and a year-over-year contraction. Average Daily Volume (ADV) increased 10.8% in June 2012 from May and 1.1% in Q2 2012 from Q1. Among publicly reported spot FX volumes (Hotspot FX, ICAP/EBS, Reuters, FXall), Hotspot FX’s market share was 9.4% in June 2012 and 8.9% for Q2 2012.

June 2012 Statistics (Single Count, USD):

  • Hotspot FX posted an ADV of $31.3 billion. (based on 21 trading days)
    • ADV increased 10.8% versus May 2012. (May 2012 ADV: $28.2 billion)
    • ADV decreased 6.0% versus June 2011. (June 2011 ADV: $33.3 billion)
    • Total Volume: $657.3 billion.

Q2 2012 Statistics (Single Count, USD):

  • Q2 2012 ADV of $28.1 billion. (based on 65 trading days)
    • ADV increased 1.1% vs. Q1 2012. (Q1 2012 volume: $27.8 billion)
    • ADVdecreased10.6% vs. Q2 2011. (Q2 2011 ADV: $31.5 billion)
  • Total volume was $1,829.3 billion.

Monthly Statistics:

USD Dollar Value Traded

Average Daily Volume (ADV)

June 2012

$657.3 Billion

$31.3 Billion

June 2011

$732.4 Billion

$33.3 Billion

Quarterly Statistics:

USD Dollar Value Traded

Average Daily Volume (ADV)

Q2 2012

$1,829.3 Billion

$28.1 Billion

Q2 2011

$2,046.9 Billion

$31.5 Billion

Volume Breakdown

In June 2012, both the Asian and European sessions reversed the decline experienced last month as volume increases by .04% and .26% respectively. Conversely, the Americas retracted by .27%.

Volume percentages by time zone were:

Asia

Europe

Americas

Volume Percentage (June 2012)

11.49%

45.54%

42.99%

Volume Percentage (May 2012)

11.45%

45.28%

43.26%

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

Currency Pair

EUR/USD

AUD/USD

GBP/USD

USD/JPY

USD/CAD

Percentage

42.58%

11.80%

10.68%

10.64%

5.92%

In June 2012, the ranking of the Top 10 pairs remained largely consistent with the prior month and minimal changes in market share occurred. Of these pairs, most notable volume fluctuations occurred in AUD/JPY (-1.17%) and USD/JPY (+.98%). Volume decreased in most of the bottom 10 performing pairs, with the exception of the most recent entrants into our Top 20, GBP/AUD and USD/SEK. Both had a significant uptick in volume (+.30% and +.14% respectively) to become our 13th and 19th most active pairs. USD/ZAR and USD/RUB fell out of the Top 20 listing.

Relative Volume Chart

Hotspot’s June and Q2 ADV compares to the following results from other reporting venues:

June 2012 vs. May 2012

June 2012 vs. June 2011

Q2 2012 vs. Q1 2012

Q2 2012 vs. Q2 2011

Hotspot FX

+11%

-6%

+1%

-11%

EBS/ICAP

+5%

-21%

+3%

-24%

Reuters

-7%

-10%

+7%

-7%

FXall (Active Trading Segment)

+11%

+23%

+13%

+18%

CME

+13%

+7%

+9%

-<1%

Hotspot FX an ECN provider announces strong monthly trade figures for June 2012, the figures are in line with other major ECN's such as FXall.

Hotspot is part of the Knight Capital Group a listed firm on NASDAQ.

Knight Capital's share price is currently trading at $10.78.

Volume Snapshot

Hotspot FX volumes in June and Q2 2012 continued to be in line with industry trends, posting month-over month increases and a year-over-year contraction. Average Daily Volume (ADV) increased 10.8% in June 2012 from May and 1.1% in Q2 2012 from Q1. Among publicly reported spot FX volumes (Hotspot FX, ICAP/EBS, Reuters, FXall), Hotspot FX’s market share was 9.4% in June 2012 and 8.9% for Q2 2012.

June 2012 Statistics (Single Count, USD):

  • Hotspot FX posted an ADV of $31.3 billion. (based on 21 trading days)
    • ADV increased 10.8% versus May 2012. (May 2012 ADV: $28.2 billion)
    • ADV decreased 6.0% versus June 2011. (June 2011 ADV: $33.3 billion)
    • Total Volume: $657.3 billion.

Q2 2012 Statistics (Single Count, USD):

  • Q2 2012 ADV of $28.1 billion. (based on 65 trading days)
    • ADV increased 1.1% vs. Q1 2012. (Q1 2012 volume: $27.8 billion)
    • ADVdecreased10.6% vs. Q2 2011. (Q2 2011 ADV: $31.5 billion)
  • Total volume was $1,829.3 billion.

Monthly Statistics:

USD Dollar Value Traded

Average Daily Volume (ADV)

June 2012

$657.3 Billion

$31.3 Billion

June 2011

$732.4 Billion

$33.3 Billion

Quarterly Statistics:

USD Dollar Value Traded

Average Daily Volume (ADV)

Q2 2012

$1,829.3 Billion

$28.1 Billion

Q2 2011

$2,046.9 Billion

$31.5 Billion

Volume Breakdown

In June 2012, both the Asian and European sessions reversed the decline experienced last month as volume increases by .04% and .26% respectively. Conversely, the Americas retracted by .27%.

Volume percentages by time zone were:

Asia

Europe

Americas

Volume Percentage (June 2012)

11.49%

45.54%

42.99%

Volume Percentage (May 2012)

11.45%

45.28%

43.26%

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

Currency Pair

EUR/USD

AUD/USD

GBP/USD

USD/JPY

USD/CAD

Percentage

42.58%

11.80%

10.68%

10.64%

5.92%

In June 2012, the ranking of the Top 10 pairs remained largely consistent with the prior month and minimal changes in market share occurred. Of these pairs, most notable volume fluctuations occurred in AUD/JPY (-1.17%) and USD/JPY (+.98%). Volume decreased in most of the bottom 10 performing pairs, with the exception of the most recent entrants into our Top 20, GBP/AUD and USD/SEK. Both had a significant uptick in volume (+.30% and +.14% respectively) to become our 13th and 19th most active pairs. USD/ZAR and USD/RUB fell out of the Top 20 listing.

Relative Volume Chart

Hotspot’s June and Q2 ADV compares to the following results from other reporting venues:

June 2012 vs. May 2012

June 2012 vs. June 2011

Q2 2012 vs. Q1 2012

Q2 2012 vs. Q2 2011

Hotspot FX

+11%

-6%

+1%

-11%

EBS/ICAP

+5%

-21%

+3%

-24%

Reuters

-7%

-10%

+7%

-7%

FXall (Active Trading Segment)

+11%

+23%

+13%

+18%

CME

+13%

+7%

+9%

-<1%

About the Author: Adil Siddiqui
Adil Siddiqui
  • 1625 Articles
About the Author: Adil Siddiqui
  • 1625 Articles

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