… but parent Knight Capital continues its comeback from the August “glitch”.
Hotspot FX reported that volumes in its Forex ECN system fell in October to average $22.7 billion daily, down 12% from September’s $25.8 billion — and down 34% from last-year October’s $34.2 billion. The October decrease is basically in line with what we have seen at other ECNs such as FXall, ICAP and Thomson Reuters.
Overall, Hotspot FX’s parent company Knight Capital (NYSE: KCG) continues to make a baby-steps comeback from its near fall off the abyss in early August, when a “computer trading glitch” nearly brought down the company. Knight’s main U.S. equities market making volume increased in September by 3%, although volumes remain about 25% below last year’s comparable levels.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.