Hotspot FX, an FX ECN, bought by BATS Global Market, reported a decline in volumes of trading during the month of April by 10% to reach an avergae daily volume of $28.4B from previous month’s $31.6 billion a day.
In this way, we can see first coming earnings and trading volumes hints from the market for the respective month. Hotspot is thus providing us an insight into trading activity on the fx market during April and we could expect a lower activity reported even among clients of other reporting brokers.
Especially the first half of April was seen as a low-volume season, dropping over 20% from previous March volumes of approximatel $25.1B a day in average. Analysts expect Easter holidays to be the largest contributor to such a volatility decline.
Nevertheles, Hotspot FX showed an increase during the second half, where EUR/USD confirmed its major status in popularity among currency pairs. Hotspot FX reported an average daily volume of $40B during this period.
For any questions of recommendation, feel free to write us on hello@goforex.eu
You can meet us at Forex Expo in Bratislava, in May 20-21, 2015
