Do not invest more money than you can afford to lose.
Institutional forex broker Hotspot FX, part of BATS Global Markets (BATS:BATS), reported that its July trading volume dropped 13% from June, but rose almost 2% from July last year. Over the 21 trading days of July, the Hotspot FX clients generated a total of $551 billion, with an average daily volume (ADV) of $26 billion.
Considering that June was a month of strong performance and June 24 was Hotspot FX’s second-best day ever, the July performance is generally good, in spite the decrease in the trading volume. Moreover, the data shows that June was better than May and April and it appears the downward trend that started in March this year, is reversed.
According to the day-by-day report, the strongest trading day for Hotspot FX in July was the 29-th, with a trading volume of $38.4 billion and the weakest was July 4 with barely $11 billion.
Earlier on Monday another leading institutional forex broker – Gain Capital’s GTX also reported a decline in its July trading volumes from June, and an 11% increase from last July.
Hotspot FX is the first institutional Electronic Communication Network (ECN) broker. Its clients include banks, hedge funds, high frequency traders, corporate and commodity trading advisers.
BATS Global Markets is a US-based operator of exchanges and services for financial market. It is headquartered in Kansas City and has offices in New York, London, Chicago and Singapore. The company owns four US equities exchanges – BZX, BYX, EDGX, EDGA, one European equities exchange – Bats Europe, one US options exchange – Bats Options, in addition to Hotspot FX, which it acquired in January 2015.
