Hotspot remains hot, March FX volumes up 6% to $32.1B ADV

KCG’s Forex ECN unit KCG Hotspot has another good month, FX trading volumes up 6% over February and 18% over last year.

The first quarter has ended with a bang for the world’s leading Forex ECNs. After seeing ICAP’s EBS and Thomson Reuters’ FXall show nice rises over February levels including an all-time high at FXall, KCG’s Hotspot held suit and reported March average daily volumes at $32.1 billion – 6% over February and 18% over last year March.

So how about the retail forex brokers?

First indications so far have been mixed. Saxo Bank saw March volumes down 10% while EXNESS reported a 17% increase and Gain Capital’s a 9% gain. We are still to hear from industry leader FXCM.

KCG Hotspot mo vol Mar14

Stay tuned to LeapRate, we’ll have all the figures when they become available – and of course we’ll digest what it all means in our monthly Retail FX Volume Index.

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

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