Tag: KCG Hotspot

November 01, 2014 BY Gerald Segal

Hotspot FX reports October trading volumes at $34 billion ADV

As parent KCG prepares to sell it, Hotspot FX sees another strong month of trading volumes. For the month of October, Hotspot FX has reported that trading volumes averaged $34.3 billion daily - not quite the $38 billion ADV Hotspot did in an industry-wide record setting September, but still well above the $29-$30 billion average seen…

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October 30, 2014 BY Gerald Segal

Breaking Forex News - KCG looking to sell Hotspot FX

LeapRate Exclusive... We've speculated a number of times since Knight Capital's merger with Getco in mid 2013 to form KCG (e.g. see here), that KCG was likely to put Hotspot FX up for sale at some point to focus on its core equity market making businesses. And it seems as though we were right - KCG…

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October 01, 2014 BY Gerald Segal

KCG Hotspot reports record FX volumes in September at $38 billion ADV

It looks like it'll be a September to remember in institutional FX trading. Possibly in retail too. Yesterday we learned that ICAP's EBS unit will report its first above-$100 billion ADV month since mid-2013, despite reporting otherwise lackluster financial results for the half-year to September 30. So it should come as no surprise that its…

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September 05, 2014 BY Gerald Segal

Draghi = Volumes: KCG Hotspot reports its best day in months

We're still in the midst of reporting August FX trading volumes, however in a few weeks we should see a major improvement from the so-far-slow 2014 when September figures roll around. As expected, yesterday's surprise ECB  rate cut caused not just a 1%+ drop in the Euro against major currencies, but also engendered a spike…

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