Hotspot sees 7.8% MoM drop in Forex volumes in September 2015


Following a very strong August for trading activity, Hotspot, one of the leaders in institutional FX, saw volumes edge down in September 2015.

Trading activity varied widely across the 22 business days that the last month included. The first day of September registered the highest daily trading volumes for the month at $31.6 billion, whereas the lowest trading activity was registered just several days after that, as on September 7th the Forex volumes amounted to meager $13.2 billion. The latter, of course, can be attributed to seasonal factors like holidays.

The decline that Hotspot trading volumes saw in monthly and annual terms can be explained with tough comparisons – August 2015 was marked with very high volatility across markets, whereas September 2014 was a record-setting month for the industry as a whole.

Let’s examine the particular Hotspot metrics for September 2015:

  • Average daily volumes in September 2015 amounted to $26.08 billion, down 7.8% from the $28.3 billion in ADV registered in August 2015.
  • The decline was even more pronounced in annual terms, as the result for September 2015 was down 31.8% from the $38.24 billion in ADV registered in September 2014.
  • September 2015 had 22 business days, with overall trading volumes for the month totalling approximately $573.7 billion, down 3.5% from the result of $594.3 billion recorded in August 2015.

hotspot_vols_sep_15

To view detailed data about Hotspot volumes, click here.

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Hotspot sees 7.8% MoM drop in Forex volumes in September 2015

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