Institutional ECN Hotspot FX concluded June 2015 with average daily volumes of $25.7 billion, down 4% from the $26.8 billion reported in May this year.
Whilst remaining relatively steady, a mild downturn in daily trading activity during June depicts a subdued market as May’s average daily volumes were 5.6% lower than the $28.4 billion result achieved in April 2015, itself a 10% downturn from March’s results.
Since the acquisition of Hotspot FX by BATS Global Markets, Inc. Class A Common Stock (BATS:BATS) for $365 million, an even keel has been maintained in terms of volumes, however there has been an ongoing shortfall from the stellar start to the year made by Hotspot FX in January, the firm’s second best ever month for average daily volumes, with $34.1 billion.
For the official volume information from Hotspot, click here.