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Hotspot FX Volumes (also!) Drop In December

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

....although the smaller Forex ECNs are gaining market share.

In line with what we have seen at other Forex ECNs such as ICAP (NYSE:EBS), and leading retail Forex firms such as FXCM and FxPro, Hotspot reported very slow December FX volumes at just $38 billion per day, down from $56 billion in November, although higher than (traditionally-slow) December last year's figure of $36 billion.

Hotspot mo_vol_2011

For more details see LeapRate's Forex Industry News at leaprate.com.

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