HotspotFX reports rise in February volumes
NEW JERSEY – HotspotFX has announced average daily volumes were up 105% to $34.7 billion in February, from $16.9 billion in February 2009. The electronic communications network (ECN) reports its volume on a double-count basis.
William Goodbody, New Jersey-based business manager at HotspotFX, said growth reflects a doubling of market-makers on the platform in the past 12 months. “The non-bank clients, both new and existing, have outpaced bank clients in terms of representing a larger share of the
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