It was not 'Black Thursday' for everyone in the Forex industry. In fact, for those companies such as ECNs which make their living solely off of volumes, it was a very good day. Hotspot FX has reported that FX trading volume metrics reached $61.7 billion last Thursday January 15 - its best ever day based…
Read moreKCG owns a 16.5% stake in privately held BATS and has said on several occasions that it will consider selling the stake for the right price.
Read moreKCG Hotspot continues to evolve and gain further sophistication as the ECN goes from strength to strength, partnering with DealHub to provide bank-level FX distribution
Read moreAs parent KCG prepares to sell it, Hotspot FX sees another strong month of trading volumes. For the month of October, Hotspot FX has reported that trading volumes averaged $34.3 billion daily - not quite the $38 billion ADV Hotspot did in an industry-wide record setting September, but still well above the $29-$30 billion average seen…
Read moreLeapRate Exclusive... We've speculated a number of times since Knight Capital's merger with Getco in mid 2013 to form KCG (e.g. see here), that KCG was likely to put Hotspot FX up for sale at some point to focus on its core equity market making businesses. And it seems as though we were right - KCG…
Read moreWe probably won't have a month like September again for a while, with saw both institutional and retail FX volumes up 25-35% across the board. But based on preliminary data from the first 2+ weeks, it looks like October is shaping up to be another strong month of FX trading. October has not seen the…
Read moreIt looks like it'll be a September to remember in institutional FX trading. Possibly in retail too. Yesterday we learned that ICAP's EBS unit will report its first above-$100 billion ADV month since mid-2013, despite reporting otherwise lackluster financial results for the half-year to September 30. So it should come as no surprise that its…
Read moreWe're still in the midst of reporting August FX trading volumes, however in a few weeks we should see a major improvement from the so-far-slow 2014 when September figures roll around. As expected, yesterday's surprise ECB rate cut caused not just a 1%+ drop in the Euro against major currencies, but also engendered a spike…
Read moreAugust trading is done and in the books for KCG Holdings (NYSE: KCG), which brings us to volumes. KCG Hotspot is reporting totals of $28.9B ADV, this is a 20% gain over July's $23.9 ADV; and eerily close to August 2013's $28B, but an increase nonetheless of 3.2% YoY. Together, August was a great month…
Read moreIndependent Forex ECN Hotspot's volume ticked up slightly from April's extreme lows...
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