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Screenshot of a breaking news alert e-mail from Q2 2017
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.