Volumes on FX platform Hotspot continue to be healthy. Total volume for the first quarter exceeded $2 trillion. Average daily volume for March, at $32.5 billion, was slightly off from February’s figure of $34.6 billion.
Bill Goodbody, Hotspot’s business manager, says: “Over the course of the last 12 months, we have seen growth across all client segments, both bank and non-bank and market maker and non-market maker. In fact we now have more than double the market makers on the platform continuously pricing the market than we did a year ago.
“Additionally, we have seen continuous improvements in the diversification of clients on the platform, with the number of participants contributing at all volume levels, from the largest to the smallest, continuing to rise, providing a solid foundation for continued growth.”
FX comment: Heat on HotSpot for double counting
14 May 2010