Average daily volumes at Hotspot FX during November this year decreased slightly when compared to the results which KCG’s venerable ECN reported during the high periods of September and October.
Whilst still considerably higher than the trading activity recorded by the company during the vast majority of this year, the $32.7 billion average daily volumes which were achieved in November represent a minor downturn of approximately 4% when compared with October’s $34.3 billion, itself a decline from September’s high point of $38 billion.
Despite the average daily volume being lower than the two previous months, it is still a more than healthy figure, and is likely to stand this particular electronic brokerage division of KCG in good stead as its parent company prepares to seek potential suitors for its acquisition.
Hotspot FX’s average daily volume figures were affected by some days of very low activity during November, and balanced out by some relative spikes in activity early in the month and then again during the penultimate week of November. This stands total total trading activity in November at $655.7 billion.
