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One of the largest foreign exchange Electronic Communications Networks, CBOE-owned Hotspot, reported on the trading venue’s performance for the first month of the second quarter of 2017. Similar to other peers in the FX industry, the company is reporting increased trading activity in the final week of April, as the results from the French presidential election have driven the euro higher.
Hotspot’s clients transacted a total of $554 billion throughout the month. The figure is lower by 19 percent when compared to the previous month and higher by 3 percent when compared to a year ago.
The average daily volumes show that ... (read more)