FX 2nd tier platform vols Feb16: Hotspot (+26.8%), whilst Fastmatch (-5.9%)


Second tier FX volumes showed gains in Feb 16, led by Hotspot which reported a strong +26.8% rise to $32.6bn/day, whilst FastMatch reported a most -5.9% decline.

2nd tier platform vols Feb 16

Table showing Second Tier platforms: Hotspot, Fastmatch vols for Feb 16

Meanwhile two of the first tier platforms have reported their Feb volumes, with EBS -1.2% at $102.6bn/day and The CME group down -1.7% at $119bn/day. Full analysis next week when Reuters will also report their volumes as well.

The charts below show the volumes comparisons between Hotspot and Fastmatch.The bottom chart shows the gap between Hotspot and Fastmatch. The Feb jump in Hotspot vols combined with a drop in Fastmatch volumes has driven the difference between the volumes back up to test the top of the downtrend channel.

2nd tier platform charts Feb 16
Chart showing the gap between Hotspot and Fastmatch spot FX (Hotspot-Fastmatch) vols for Feb 16

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