Tag: Hotspot

August 14, 2013 BY Gerald Segal

Hotspot FX volume metrics down 22% in July

Hotspot FX still on a hot streak, but July volumes decline in line with its Forex ECN peers. After seeing its best-ever forex volume month in June, Forex ECN Hotspot FX reported that July volumes declined by 22%, to average $28.6 billion per day. The decline was basically in line with Hotspot's Forex ECN peers,…

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July 16, 2013 BY Gerald Segal

Hotspot FX reports all time best forex volumes in June

Hotspot FX reports its first volume metrics as a newly private company, and they are impressive. Although it may not remain a private company (or rather, part of a private company) for long, Forex ECN Hotspot FX seems to be doing just fine outside the limelight of the public markets. Now owned by Getco, Knight…

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June 14, 2013 BY Gerald Segal

Hotspot FX May volumes highest in two years

Knight Capital Forex ECN unit sees volumes rise 14% in May to $33.7 billion per day. Completing a mixed month volume-wise for the Forex ECNs, Knight Capital (NYSE: KCG) Forex ECN unit Hotspot FX reported that its May volumes rose nicely to average $33.7 billion daily -- up 14% from April and up 19% from…

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May 14, 2013 BY Gerald Segal

Hotspot FX volumes up 12% in April

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,…

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April 15, 2013 BY Gerald Segal

Hotspot FX Reports 12% decrease in March volumes

All the major Forex ECNs saw a down month, except FXall. Similar to what we've already seen at Forex ECNs EBS and Thomson Reuters, March volumes decreased somewhat at Knight Capital's Hotspot FX after a quick start to the year in January and February. Among the major ECNs only FXall -- holding flat at $110…

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March 15, 2013 BY Gerald Segal

Hotspot FX reports robust February volumes

Hotspot FX's first month above $30 billion since last June. Hotspot FX reported that volumes in its Forex ECN system rose by 11% in February over January levels, to average $30.1 billion daily. February 2013 was also 2% above Feb 2012's averages. The numbers from Hotspot FX basically match what we already seen from the other…

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February 15, 2013 BY Gerald Segal

Hotspot FX January volumes rise nicely

Good timing for Knight Capital's soon-to-be new owners, who will soon likely put Hotspot FX on the sale block. Hotspot FX reported that volumes in its Forex ECN system rose by 38% in January over December levels, to average $27.1 billion daily. January 2013 was also 10% above January 2012's averages. The numbers from Hotspot…

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October 17, 2012 BY Gerald Segal

Hotspot FX (and Knight Capital) have nice September comeback

Firm volumes overall recover nicely following August "glitch". Brokerage firm Knight Capital -- which famously nearly went under in early August after a trading glitch in its equities business caused a $400 million loss -- announced its volumes for September, and in most key categories things seem to have stabilized. In its Forex ECN unit…

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