Will KCG look to sell other assets -- including Forex ECN KCG Hotspot? KCG Holdings -- the company resulting from the merger of Knight Capital and Getco -- formally announced today it had closed its $80 million sale of reverse mortgage originator Urban Financial, a transaction we reported would happen back in July. Following the merger,…
Read moreKCG Hotspot sees October volume metrics of $29.8 billion daily, up 4% from September. In October, we saw what we thought was an across the board decrease in institutional FX volumes: Thomson Reuters -12% FXall -5% EBS -5% CME Group (FX futures) -22% EBS and CME's figures were their lowest volumes reported in several years.…
Read moreKCG Hotspot culminates an up month for all the major Forex ECNs. Hotspot FX, now formally known as KCG Hotspot, announced that September forex trading volumes came in at $28.7 billion daily, up slightly (3%) from August's $28.0 billion. Hotspot's figures complete our September picture in which all the major Forex ECNs -- ICAP EBS,…
Read moreKCG Hotspot's August Forex volumes come in at $28 billion per day, down just 2% from July. As compared to an 8% month-on-month volume decline in August at the other Forex ECNs (Thomson Reuters, FXall, and ICAP's EBS), KCG Hotspot reported August average daily volumes of $28.0 billion -- down just 2% from July. We should…
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