HotSpot's April 2012 volumes down 15.5%

The decline in institutional 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 continued in April as all major brokers reported a further decline. Volumes hit historic lows in December 2011 and haven't recovered since except what now seems a short-term spike in March 2012. HotSpot weathers this decline better than others but still is unable to overcome the trend.

Note: HotSpot doublecounts its volumes.

1. APRIL 2012 Volume:

In April 2012, Hotspot FX experienced a decline in volume due to reduced Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term and decreased FX market participation. Average Daily Volume (ADV) decreased 15.5% to $49.8 billion and a total of $1,044.7 billion was transacted through the platform. In terms of performance relative to publicly reported spot FX volumes (ICAP/EBS, Reuters, Hotspot FX, FX All); Hotspot FX accounted for 8.8% of the volume in April 2012, up from 8.2% in April 2011.

Note: Market Share figures and competitive analysis adjusted to incorporate FX All’s “Active Trading” segment

APR 2012 Statistics:

• Hotspot FX posted an ADV of $49.8 billion. (based on 21 trading days)
• § ADV declined 15.5% versus March 2012. (March 2012 ADV: $58.9 billion)
• § ADV declined 8.2% versus April 2011. (April 2011 ADV: $54.2 billion)
• Total Volume: $1,044.7 billion.

Monthly Statistics:

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2. APRIL 2012 Volume Breakdown

In April 2012, activity in the Asian and Americans sessions declined by 1.71% and .88%. This volume was recovered by the European session which increased by 2.61%.

Volume percentages by time zone were:

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