Volumes have remained flat when compared to October coming out at $ 29.6 billion per day
Volumes at KCG Hotspot remained flat month on month with a negligible decline to $29.6 billion from the month of October. Consistent readings throughout the quarter are maintaining a recovery theme when compared to the quiet summer months. The figures are solidly higher than year ago with volume metrics numbers higher by almost 37%.
Hotspot continues to be one of the smaller ECNs but their year on year growth pattern is impressive and that might be temporary. While other ECNs during the month performed better when compared to last month, the company has not experienced the industry wide decline in volumes during the month of October.