Hotspot FX volumes jump 25% MoM in September to $28.3 billion ADV

Forex ECN Hotspot FX has published September trading volumes, showing marked improvement from August’s depressed volumes.

September volumes at Hotspot FX came in at $28.3 billion (average daily volumes), 25% above August’s $22.6 billion but still below the $30 billion monthly figures Hotspot FX was posting earlier this year.

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 very strong September overall for the FX trading world?

We’ll see, as other leading eFX venues put out their September figures. Stay tuned to LeapRate…


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