FX shines through as the only asset class which has generated increased volume for KCG during June, as all other trading activity dwindled month-on-month.
Read moreHotspot 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,…
Read moreRyan Primmer replaces Darren Mast as the newly renamed KCG's Global Head of Fixed Income, Foreign Exchange and Commodities. While these kind of leadership changes are not unusual following an acquisition -- especially when it is the merger of similar companies -- there has nevertheless been somewhat of a revolving door in the management suite…
Read moreHotspot FX reports its first volume metrics as a newly private company, and they are impressive. Although it may not remain a private company (or rather, part of a private company) for long, Forex ECN Hotspot FX seems to be doing just fine outside the limelight of the public markets. Now owned by Getco, Knight…
Read moreKnight Capital Forex ECN unit sees volumes rise 14% in May to $33.7 billion per day. Completing a mixed month volume-wise for the Forex ECNs, Knight Capital (NYSE: KCG) Forex ECN unit Hotspot FX reported that its May volumes rose nicely to average $33.7 billion daily -- up 14% from April and up 19% from…
Read moreHotspot FX had the largest April increase of any Forex ECN. Breaking a trend we saw with its larger rivals, Knight Capital's Hotspot FX reported that FX volumes rose 12% in April to $29.5 billion (average daily volume). Most of the other Forex ECNs which have reported so far -- EBS, FXall and Thomson Reuters,…
Read moreAll the major Forex ECNs saw a down month, except FXall. Similar to what we've already seen at Forex ECNs EBS and Thomson Reuters, March volumes decreased somewhat at Knight Capital's Hotspot FX after a quick start to the year in January and February. Among the major ECNs only FXall -- holding flat at $110…
Read moreHotspot FX's first month above $30 billion since last June. Hotspot FX reported that volumes in its Forex ECN system rose by 11% in February over January levels, to average $30.1 billion daily. February 2013 was also 2% above Feb 2012's averages. The numbers from Hotspot FX basically match what we already seen from the other…
Read moreGood timing for Knight Capital's soon-to-be new owners, who will soon likely put Hotspot FX on the sale block. Hotspot FX reported that volumes in its Forex ECN system rose by 38% in January over December levels, to average $27.1 billion daily. January 2013 was also 10% above January 2012's averages. The numbers from Hotspot…
Read moreFirm volumes overall recover nicely following August "glitch". Brokerage firm Knight Capital -- which famously nearly went under in early August after a trading glitch in its equities business caused a $400 million loss -- announced its volumes for September, and in most key categories things seem to have stabilized. In its Forex ECN unit…
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