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 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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