Hotspot FX volumes fall 11% MoM in October to $25.3 billion ADV

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…


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