Seasonal factors took their toll on Hotspot FX trading volumes in March 2016, with weak trading activity on March 25th and March 28th weighing on the overall results. As a result, the eFX institutional platform of Bats reported a double-digit decrease in trading volumes for last month, following a solid February.
Hotspot FX average daily volume amounted to humble $25.5 billion in March 2016, down 21.8% from the reading of $32.6 billion in ADV reported for February 2016. The annual comparison was similar, as March 2016 ADV was down 19.3% from the result of $31.6 billion reported for March 2015.
The strongest day for trading activity last month was March 10th, when trading volumes amounted to $47.49 billion.
You can view Hotspot’s detailed volumes metrics by clicking here.