The first three platforms providers to report December average daily volume (ADV) data have experienced the expected slowdown in December from November, but have lifted year-on-year.
Bats’ Hotspot FX handled $25.5 billion per day in December, down 16.1% from November, but up 5.8% from December 2015.
Meanwhile FastMatchFX reports ADV of $13.8 billion, a 19% drop from November – a month characterised by volatility around the US election – but an impressive 45.3% increase from December 2015.
It was a generally positive picture at Gain GTX also, with the platform seeing its fourth busiest month of 2016 at $9.2 billion.
Hotspot FX, TradingScreen...
Following hot on the heels of its second ownership change in a relatively short time, Hotspot is maintaining the momentum of change by launching new products, specifically outright deliverable forwards. It has also announced a raft of new hires and sought to broaden its geographical footprint. Galen Stops speaks to senior staff at the platform about what these changes - which include the addition of non-deliverable forwards to the platform - are building towards, as well as their view on the changing FX market structure.