Hot spot FX Reports 12% decrease in March volumes
Hot spot FX Reports 12% decrease in March volumes explained by professional Forex trading experts the “Hot spot FX Reports 12% decrease in March volumes” FX trading team.
Hot spot 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 billion per day — did not see a retreat in volumes. March volume at Hotspot FX came in at a $26.4 billion average per day, down 12% February and down 10% from last year March.
Hotspot FX’s parent Knight Capital (NYSE:KCG) is nearing the closing of its acquisition by rival Getco. We expect Getco to look to sell Hotspot FX soon after the deal closes, with estimates of Hotspot FX’s valuation in the $150-200 million range.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.
Hot spot FX Reports 12% decrease in March volumes Conclusion
For more information about currency trading brokers visit TopForexBrokers.com Forex brokers comparison website, Tip ForexSQ.com foreign exchange trading
experts please by share this article about Hot spot FX Reports 12% decrease in March volumes