RECOMMENDED FOREX BROKERS
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Institutional forex broker Hotspot FX, part of BATS Global Markets, generated a trading revenue of $539.6 million. The figure represents a decline of 17% from the preceding month and a drop of 21.2% from the same month a year earlier.
The broker’s average daily volume (ADV) stood at nearly $27 million last month, down from $29.6 million in a month earlier. In comparison, in February 2016 the ADV was $32.6 million.
Hotspot FX saw the highest daily trading volume last month on 22 February when it exceeded $32 million. Meanwhile, the lowest daily volume was some $12.3 million and was recorded on 20 February.
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.