LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Beginning our peek into September 2017 trading volumes at leading eFX trading platforms, data from institutional Forex ECN Hotspot FX indicates that September was a very good month, if not the best so far of 2017.
FX trading volumes at Hotspot FX averaged $33.1 billion daily in September, up 22% from August. Volumes at Hotspot FX had been very steady throughout most of 2017 in the $27-$29 average daily volume range.
The $33.1 billion figured made September Hotspot FX’s best month of 2017 – and in fact Hotspot’s best month for volumes since the Swiss Franc spike driven month of January 2015, when Hotspot reported an ADV of $34.3 billion.
September 2017 marks the seventh 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 wasted no time in rebranding its Forex ECN unit as: Hotspot – a CBOE company.