Forex broker Hotspot FX, part of a BATS Global Markets, generated a total trading volume of $469.9 billion in November, the lowest since the beginning of 2015, data published on Tuesday on the company’s website indicated. This represents a decrease of 10.8%, compared to the previous month, when total trading turnover was $526.9 billion, and a drop of more than 28% over the year.
The lowest daily trading volume registered last month was nearly $11.5 billion (26 November) and the largest one was close to $30.7 billion (6 November).
The largest figure for this year was reported in January when the company saw a total trading volume of $719.4 billion. In fact, the broker generated the highest trading volume in the first quarter of the year, which amounted to $1.94 trillion, compared to $1.75 trillion in Q2 and $1.71 trillion in Q3, despite the fact that this was the quarter with the smallest number of trading days.
Hotspot is a leading institutional forex trading service provider. It was the first ECN for the institutional forex market. It has a diverse client base of banks, institutions, hedge funds, high frequency traders, corporates and commodity trading advisors (CTAs).
BATS Global Markets is a US-based operator of exchanges and services for financial market which is active on the forex market. It is headquartered in Kansas City and has offices in New York, London, Chicago and Singapor.
