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Foreign Exchange

FX news: HotSpot volumes

The weeklyFiX is putting it down to coincidence that HotSpot forgot to send us their volumes last Friday after our revelations about double-count-gate, but luckily we got sent them by someone else.

Apparently April saw HotSpot set a new record for both volume on a single day and average daily volumes.

Average daily volume hit $35.2 billion – a 9.3% increase over March, and 107.9% higher than April 2009.

April 28 was the record day, posting volumes of $63.5 billion, which is $10 billion more than the previous record. The press release we saw claims that even this record has been exceeded by the numbers for May.

Let’s hope we’re on the mailing list and get to see them.

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