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Screenshot of a breaking news alert e-mail from Q2 2017
Forex ECN Hotspot FX has published October trading volumes, showing a decline from September’s improved results.
October volumes at Hotspot FX came in at $25.3 billion (average daily volumes), 11% below September’s $28.3 billion. Earlier this year Hotspot was seeing volumes even higher, steadily above $30 billion ADV.
Hotspot FX parent company Bats Global Markets Inc (BATS:BATS) recently agreed to be acquired by CBOE Holdings, Inc. (NASDAQ: CBOE) for $3.2 billion. The CBOE purchase of Bats will expand CBOE’s geographic reach and product lines, with Bats’ strong pan-European equities and global FX positions.
Does this portend a weak October overall for the Forex trading world?
We’ll see, as other leading eFX venues put out their October figures. Stay tuned to LeapRate…