Hotspot FX volumes rebound nicely in February

Hotspot FX volumes rebound nicely explained by professional Forex trading experts the “Hotspot FX volumes rebound nicely” FX trading team.

Hotspot FX volumes rebound nicely

Forex ECN Hotspot FX reported today its FX volumes in February averaged $59.2 billion per day, up 21% from January and up also up 9% from February last year. Hotspot is a unit of Knight Capital Group (NYSE: KCG).

Hotspot’s numbers confirm a trend we have seen at ICAP and FXCM, where after a very weak Q4 and slow start to the year in January, there had been a major pickup in FX volumes globally in February.

Volumes remain below the $60 billion-per-day + Hotspot reported every month between May and October last year, but seem to be headed in the right direction once again.

Hotspot FX volumes rebound nicely Conclusion

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