The new month has started and this means that LeapRate kicks off its usual review of operating metrics of major Forex companies. Amid the first to report its results is Hotspot, one of the leaders in institutional FX, which was earlier this year acquired by BATS Global Markets.
After seeing a slowdown in trading activity in July 2015, with volumes tumbling to their lowest mark since 2012, Hotspot saw some solid activity in August 2015. Of course, the result was seriously bolstered by the achievement from August 24, 2015, when the platform registered its second ever best day for trading.
- Average daily volumes in August 2015 amounted to $28.3 billion, up 20.4% from the $23.5 billion in ADV registered in July 2015.
- Annual comparisons were less shiny, as the result for August 2015 was down 2% from the $28.9 billion in ADV registered in August 2014.
August 2015 had 21 business days, with overall trading volumes for the month totalling approximately $594.3 billion.
To view the detailed data about Hotspot volumes, click here.