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Brokers are going to be very happy if the year continues with the trend set this month, as figures from both Hotspot and Fastmatch show that 2016 opened very strong for electronic institutional FX trading.
For Hotspot, average daily volume (ADV) at the trading venue was about $30.7 billion, 27.5% above December 2015 which itself saw a rebound after three straight months of falling volumes. This was the first time since March 2015 that the ADV figure crossed the $30 billion benchmark, however the month was still 10.4% below January 2015’s $34.2 billion. This means that despite the recent monthly gains Hotspot still ... (read more)