Cboe FX (Hotspot) August 2018 forex trading volumes up 5% to $34.9B ADV

CBOE Hotspot FX volumes

After reporting a very slow start to the summer trading season in July, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a 5% increase in average daily volumes during August, $34.9 billion versus $33.2 billion the previous month.

July’s $33.2 billion ADV figure had represented Cboe FX’s slowest month of 2018, but again not unexpected in the summer.

Cboe Hotspot FX volume Aug2018

Cboe Hotspot FX geo volume Aug2018By product, the most-traded pair at Cboe FX in August 2018 was EURUSD at 25.3% of total trading. USDJPY at 14.0%, AUDUSD at 9.2%, GBPUSD at 8.6%, and USDCAD at 6.5% of total were next in line.

It has been a year and a half since Hotspot FX began operating under the corporate umbrella of its new owner, CBOE Holdings Inc. (NASDAQ:CBOE). CBOE acquired control of Hotspot FX via its $3.2 billion takeover of Bats Global Markets Inc at the end of February 2017. CBOE initially rebranded its Forex ECN unit as: Hotspot – a CBOE company. And now, as noted above, it has been re-rebranded as Cboe FX Markets, with the ‘Hotspot’ brand being phased out.

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