LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Hotspot FX had the largest April increase of any Forex ECN.
Breaking a trend we saw with its larger rivals, Knight Capital’s Hotspot FX reported that FX volumes rose 12% in April to $29.5 billion (average daily volume). Most of the other Forex ECNs which have reported so far — EBS, FXall and Thomson Reuters, as well as the CME Group’s FX futures division — saw slight declines in April, or at most a single digit percent increase, after what has been for all ECNs a strong start to the year.
Hotspot’s increasing volumes were more in line with the nice April numbers reported by leading retail FX brokers such as FXCM, Alpari, and GMO Click.