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Hotspot FX January Volumes – Still Depressed

|Includes:BGCP, FX, IAPLF, IAPLY, KCG Holdings, Inc. (KCG), STT

Forex ECN figures still well below average levels.

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In line with what we have seen at other Forex ECNs such as ICAP (NYSE:EBS), Hotspot FX (a Knight Capital Group company) reported very slow January FX volumes at just $49 billion per day, down 12% from $56 billion last January, although higher than (traditionally-slow) December last year's figure of $38 billion. Other than December, in every other month of 2011 Hotspot FX saw volumes above $50 billion per day.

For more details see LeapRate's Forex Industry News at leaprate.com.
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Stocks: KCG, FX, BGCP, IAPLF, IAPLY, STT