In line with what we have seen at other Forex ECNs such as ICAP (EBS), Hotspot FX (a Knight Capital Group company) reported very slow January FX volumes at just $49 billion per day, down 12% from $56 billion last January, although higher than (traditionally-slow) December last year’s figure of $38 billion. Other than December, in every other month of 2011 Hotspot FX saw volumes above $50 billion per day.
For more information on Forex ECNs, and Forex trading volumes worldwide, see the LeapRate-Dow Jones Forex Industry Report.