Hotspot FX has reported record average daily volume in Q1 2010 compared to the same quarter a year ago.
The first quarter average daily volume of $32.5 billion is up 91% compared to $17 billion in Q1 2009. It is also up 8% from the previous quarterly record of $30 billion in Q4 2009. Total volume was $2.05 trillion compared to a previous high of $1.95 trillion in Q4 2009.
March 2010 average daily volume of $32.2 billion is 62% higher than $20.7 billion recorded in March 2009, although it is 7% lower than February 2010 volumes. Hotspot FX reports on a gross volume basis.