No surprises here. With Hotspot FX, a unit of Knight Capital Group (NYSE: KCG), reporting its March volumes and Q1 results today, we now have a complete picture of each of the Forex ECNs’ volumes for the quarter.
Hotspot’s March FX volumes came in nearly identical to February, at $58.9 billion per day (Feb was $59.2 B). Those type of results were near-identical to each of ICAP EBS, FXall and Thomson Reuters, which all saw volumes in March be +/- 4% of February volumes.