HotSpot's January 2012 volume up from December but down comparing to January 2011

Perhaps this marks a beginning of a slowdown in the 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 market as usually January volumes are pretty strong. Although HotSpot's volume increased 30% from December 2012 they haven't increased enough and now are 11% lower than in January 2011. ICAP's volumes too have plummeted in January when comparing to previous year.

January marked a strong start to 2012 for Hotspot FX. Average Daily Volume (ADV) of $49.1 billion was an increase of 27.9% versus December 2011 with a total of $1,081 trillion transacted through the platform In terms of market share of publicly reported spot FX volumes (ICAP/EBS, Reuters, Hotspot FX), Hotspot accounted for 9.2% in January 2012; up from 8.4% in December 2011 and 8.6% in January 2011.

JAN 2012 Statistics:

• Hotspot FX posted an ADV of $49.1 billion. (based on 22 trading days)
• ADV increased 27.9% versus December 2011. (December 2011 ADV: $38.4 Billion)
• Volume decreased 11.7% versus January 2011.
• Total Volume: $1,081.0 billion.

Monthly Statistics:

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2. JANUARY 2012 Volume Breakdown

Comparing January 2012 to December 2011, activity in the Americas time zone decreased by 3.71%. This was picked up by both the Asian and European sessions, which continued to increase by 1.21% and 2.50% respectively.

Volume percentages by time zone were:

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