Average FX Trading Volumes at KCG Hotspot Decline 15.5% in December, Total Down 6.9%

Hotspot, KCG's FX ECN, had a third consecutive month of trading volume declines in December 2014. According to daily trading volume reports by KCG Hotspot, the average daily volume (ADV) traded on the marketplace reached only $27.7 billion, with the total figure for the month amounting to about $610 billion.

December's ADV is 15.5% lower than November's figure of $32.8 billion, and that is despite the fact that in December there was a higher number of trading days during the month, with 22 active trading days when compared to November’s 20 days. Because of this, the total figure was only 6.9% lower than November's $655 billion.

This monthly decline can be attributed to the quiet end of the year and holidays period, but December also marks the first month of ADV below $30 billion during the quarter of Q4 2014. After its latest quarterly report, KCG Holdings announced its intentions to sell the unit at a rumored asking price of $300 million.