As experienced by all brokers (Retail and Institutional) across the board HotSpot’s volumes too plummeted in December 2012. We’ve seen this reported by FXCM, CME and others.
DECEMBER, Q4 & FULL YEAR 2011 Volume:
Full year volume at Hotspot FX climbed 60.4% in 2011 to $59.2 billion. Q4 2011 volume rose 28.5% to $53.9 billion vs. Q4 2010. December volumes also rose 6.9% to $38.4 billion vs. December 2010 levels. In terms of market share of publicly reported spot FX volumes (ICAP/EBS, Reuters, Hotspot FX), Hotspot accounted for 8.9% in Q4 2011; up from 8.5% in Q3 2011. Hotspot accounted for 8.7% of the spot FX market share for the full year (FY) 2011, vs. 5.9% in 2010, posting a record $15 trillion+ transacted.
DEC 2011 Statistics:
- Hotspot FX posted an ADV of $38.4 billion. (based on 22 trading days)
- ADV decreased 31.1% versus November 2011. (November 2011 ADV: $55.8 Billion)
- Volume increased 6.9% versus December 2010.
- Total Volume: $845.3 billion.
Q3 2011 Statistics:
- Total volume was $3,505.7 billion.
- Q4 2011 ADV of $53.9 billion. (based on 65 trading days)
- Q4 2011 ADV was down 16.3% vs. Q3 2011 (Q3 2011 volume: $64.5 billion); up 28.5% vs. Q4 2010.
FY 2011 Statistics:
- New record achieved for both total volume and ADV.
- Total volume was $15,378.0 billion.
- FY 2011 ADV of $59.2 billion. (based on 260 trading days)
- FY 2011 ADV was up 60.4% vs. FY 2010.
Nice graph. Is it adjusted for Hotspot’s doublecounting? Or are they really doing that much more than the others?