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HotSpot posts lower trading volumes in November 2011 - $55.8 billion a day
- Hotspot FX posted an average daily volume (ADV) figure of $55.8 billion with a total volume of $1,226.5 billion transacted for the month of November 2011. The platform accounted for 8.64% of spot electronic foreign exchange volumes, in relation to publicly reported venues.
End of year effect - ICAP's forex volumes down 11%
- Marking the usual end of year slow down in trading volumes, as many traders eliminate positions, which was already felt in October since the summer's peak - ICAP's fx volumes were down 11% year on year. Below you'll find ICAP's daily FX volumes averages month by month for the past 2 years. Excluding this summer's peak - overall trend is not positive.
HotSpot September 2011 volume is up 101% year on year
- Forex volumes in Q3 2011 are at peak (excluding Japan where they dropped a little due to reduce leverage requirement) as evident in the Q3 2011 Forex Magnates Industry Report that has become available to existing clients this morning and will become publicly available on Friday.
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