Following similar results from other platforms earlier this month, Knight Capital’s Hotspot FX platform has reported an increase in turnover for September.
In absolute terms, Hotspot saw average daily volume of $33.8 billion. Unlike other platforms that report, Hotspot does not provide data on a single count basis. This represents a 9% increase from August 2010 and a 17.1% year-on-year increase.
Europe grabbed a slightly larger piece of business in September, with 45.52% of all turnover, while the Americas had 44.73%. This is a reversal of the August data when the Americas had a slightly larger share than Europe.
For the third quarter, Hotspot’s turnover was up 34.3% year-on-year but down 19.1% on the second quarter of this year.