BATS FX Unit Hotspot Closes a Flat Year With a Seasonal Decline

[kreslik.news]

The foreign exchange subsidiary of BATS Global Markets, Hotspot has marked a solid year for the unit. December data shows that the company registered a monthly decline in trading volumes by 20 percent on a nominal basis. The figure reported by the company at the end of the month totaled to $536.4 billion. The month-on-month numbers in December were greatly affected by the seasonality of trading volumes around holidays.

Hotspot registered a very slight year-on-year increase in the monthly trading volumes figure totaling just above 1 percent. The company’s performance throughout the year has been marked by a lot of volatility, ... (read more)