Cboe FX (Hotspot) September 2018 forex trading volumes up 3% to $35.8B ADV


CBOE Hotspot FX volumes

Rebounding somewhat from the normal summer trading volumes slowdown, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a modest 3% increase in average daily volumes during September, $35.8 billion versus $34.9 billion the previous month.

Volumes remained however well below where they were during the first half of the year at Hotspot, at exactly $40.0 billion ADV.

Cboe Hotspot FX volume Sep2018

Cboe Hotspot FX geo volume Sep2018By product, the most-traded pair at Cboe FX in September 2018 was EURUSD at 25.4% of total trading. USDJPY at 13.0%, GBPUSD at 9.8%, AUDUSD at 8.8%, 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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Cboe FX (Hotspot) September 2018 forex trading volumes up 3% to $35.8B ADV

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