HotSpot September 2011 volume is up 101% year on year

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term volumes in Q3 2011 are at peak (excluding Japan where they dropped a little due to reduce Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term requirement) as evident in the Q3 2011 Forex Magnates Industry Report that has become available to existing clients this morning and will become publicly available on Friday.

Hotspot FX reported record levels in ADV and total volume for September and Q3 2011. With respect to market share of publicly reported spot FX volumes (ICAP/EBS, Reuters, Hotspot FX), Hotspot accounted for 8.5% of the volume in Q3 2011 compared to 5.8% in Q3 2010.

September 2011 Statistics:

• Hotspot FX posted an ADV of $68.2billion. (based on 22 trading days)
• ADV increased 8.1% versus August 2011. (August 2011 ADV: $63.0 Billion)
• Volume increased 101.8% versus September 2010.
• Total Volume: $1,499.2 billion.

Q3 2011 Statistics:

• Highest total volume quarter; 2.3% greater than Q2 2011.
• Total volume was $4,253.4 billion.
• Q3 2011 ADV of $64.5 billion. (based on 66 trading days)
• Q3 2011 ADV was up 14.3% vs. Q2 2011 (Q2 2011 volume: $63.0 billion); up 98.0% vs. Q3 2010.

note: HotSpot doublecounts its figures

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.