Beginning our peek into June 2017 trading volumes at leading eFX trading platforms, data from institutional Forex ECN Hotspot FX indicates that June trading volumes decreased slightly by just under 1% MoM from May, clocking in at $27.9 billion average daily volume for the month.
Activity did seem to be stronger in the second half of the month at Hotspot FX, as the Euro and Canadian Dollar (among other currencies) went on a run against the US Dollar. Volumes averaged $32.4 billion during that last week of the month.
June 2017 marks the fourth month that Hotspot FX was operating under the corporate umbrella of its new owner, CBOE Holdings Inc. (NASDAQ:CBOE). CBOE acquired control of Hotspot FX via its $3.2 billion takeover of Bats Global Markets Inc at the end of February. CBOE wasted no time in rebranding its Forex ECN unit as: Hotspot – a CBOE company.