May appears to have been a slow month for the Forex industry – at least this is what is indicated by the metrics just reported by one of the leaders in institutional FX – Hotspot, which was acquired by BATS Global Markets a couple of months ago. The numbers show average daily volumes at Hotspot kept declining in May 2015, although the drop was less steep than in April 2015.
- Hotspot reported average daily volumes of $26.8 billion in May 2015, a figure which is 5.6% lower than the $28.4 billion result seen in April 2015.
- The annual comparisons were a bit more favourable for the institutional FX platform, as average daily volumes in May 2015 were 3.5% higher than in May 2014.
May 2015 had a total of 21 trading days, which makes it a tad shorter in business terms than April 2015. We should always have that in mind when comparing overall trading volumes on a monthly basis. In May 2015, the total monthly FX volume at Hotspot was $561.89 billion.
To view detailed data about Hotspot’s Forex trading statistics, click here.