Hotspot FX volumes down 9% in December

Will Hotspot FX soon have a new owner?

Hotspot FX reported that volumes in its Forex ECN system fell in December to average $19.6 billion daily, down 9% from November’s $21.6 billion — but up 2% from last-year December’s $19.2 billion. The numbers basically match what we already reported for the overall FX industry, with our Retail FX Volume Index sponsored by Leverate being down 5% for the month.

What’s been interesting most of our readers though, it seems, is the future of Hotspot FX since parent company Knight Capital accepted a buyout offer from rival Getco in December. It seems as though privately-held Getco is interested mainly (if not solely) in Knight’s central equities business, and as such a sale of Hotspot FX is a quite logical way to finance part of the purchase price.

Stay tuned…..

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

Related News


Hotspot FX volumes down 9% in December


Send this to a friend

Subscribe to LeapRate
Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry: