Hotspot FX has second slowest volumes month since 2012, May at $23.4B ADV


It looks like May was a very slow month for institutional forex trading.

Kicking off May volume reporting season, institutional eFX venue Hotspot FX, a division of Bats Global Markets Inc (BATS:BATS), has reported that May 2016 volumes averaged $23.4 billion daily, down 9% from April’s $25.6 billion.

The $23.4B figure is the second lowest reported by Hotspot FX since it was acquired by Bats from KCG for $365 million in early 2015, and also the second lowest number posted by Hotspot in three and a half years, when in late 2012 volumes were in the low teens. (November 2015 volumes were slightly lower at $22.4B).

As more institutional and retail FX brokers report volumes for May we’ll see if this down trend continues. Stay tuned to LeapRate…

Hotspot FX volume May2016

 

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Hotspot FX has second slowest volumes month since 2012, May at $23.4B ADV

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