The decline in institutional Forex 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 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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| USD Dollar Value Traded | Average Daily Volume (ADV) | |
|---|---|---|
| April 2012 | $1,044.7 Billion | $49.8 Billion |
| April 2011 | $1,138.2 Billion | $54.2 Billion |
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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| Asia | Europe | Americas | |
|---|---|---|---|
| Volume Percentage (April 2012) | 11.64% | 47.88% | 40.49% |
| Volume Percentage (March 2012) | 13.35% | 45.27% | 41.37% |
