Cboe (Hotspot) FX has best month in 2017 with November trading volumes at $33.9 billion ADV


CBOE Hotspot FX volumes

Beginning our peek into November 2017 trading volumes at leading eFX trading platforms, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that November may turn out to be one of the best months of the year for FX trading.

FX trading volumes at Cboe FX averaged $33.9 billion daily in November, up 6% from October’s $32.0 billion and also slightly better than September’s previous year-best of $33.1 billion. November 2017 was also Cboe FX / Hotspot’s best month since the Swiss Franc spike driven month of January 2015, when volumes hit $34.3 billion ADV. Importantly, November’s results remained well above the $27-29 billion ADV volumes Cboe FX / Hotspot had been seeing throughout most of the the year to date, through to the end of the summer.

CBOE Hotspot FX volumes Nov2017

Cboe Hotspot FX geo volume Nov2017By product, the most-traded pair at Cboe FX in November was, not unexpectedly, EURUSD at 22.8% of total trading. USDJPY at 16.1%, GBPUSD at 10.9%, AUDUSD at 7.3%, and USDCAD at 6.4% of total were next in line.

November 2017 marks the ninth month that Hotspot FX was 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. 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 now phased out.

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Cboe (Hotspot) FX has best month in 2017 with November trading volumes at $33.9 billion ADV

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