Hotspot FX still on a hot streak, but July volumes decline in line with its Forex ECN peers.

After seeing its best-ever forex volume month in June, Forex ECN Hotspot FX reported that July volumes declined by 22%, to average $28.6 billion per day. The decline was basically in line with Hotspot’s Forex ECN peers, ICAP EBS (-31%), Thomson Reuters (-22%), and FXall (-17%), each of which saw the typical seasonal slowdown in institutional forex volumes.

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