Monthly Statistics – May 2015
1.
Volume Snapshot
Hotspot posted an average daily volume (ADV) of $26.8B in May 2015, off 5.9% from April 2015. This represented a 3.4% increase
over May 2014. Hotspot’s market share among publicly reporting spot FX venues slipped to 11.5%, versus 11.7% in the previous
month. Hotspot’s ADV during the past twelve months stands at $30.1B, a 1.3% increase over the prior twelve month period.
May 2015 Statistics (Single-Count, USD):
Hotspot posted an ADV of $26.8 billion (based on 21 trading days).
 ADV decreased 5.9% versus April 2015 (April 2015 ADV: $28.4 billion).
 ADV increased 3.4% versus May 2014 (May 2014 ADV: $25.9 billion).
Total Volume: $561.9 billion
Monthly Statistics (in $Billions):
USD Value Traded
$561.9
$569.2
$625.4
May 2015
May 2014
April 2015
Average Daily Volume (ADV)
$26.8
$25.9
$28.4
12-Month Moving Average (in $Billions):
12 Months Ending May 2015
% Change from Prior 12 Months
Hotspot
$30.1
+1.3%
EBS
$103.3
+23.5%
Reuters/FXall
$119.6
+0.7%
Overall Market*
$253.0
+9.0%
2.
Market Trends
Hotspot Market Share*
May 2015
Apr 2015
May 2014
11.5%
11.7%
12.8%
12 Month Avg.
11.9%
Hotspot’s ADV percentage changes compared to other reporting venues:
% Change in ADV
Hotspot
EBS
May 2015 vs. Apr 2015
-5.9%
-1.0%
May 2015 vs. May 2014
+3.4%
+30.5%
Reuters/FXall
Overall Market*
CME Futures
-6.3%
-4.1%
+4.6%
+6.6%
+14.9%
+45.3%
Hotspot, May 2015
% Change in Volume vs Dec 2012
FX Volume Trends: Dec 2012 Baseline
100%
75%
50%
25%
0%
-25%
-50%
Hotspot
CME
EBS
Reuters / FXall
Hotspot FX Volume & Market Share
2009 - End May 2015
ADV in $Billions (Single-Count)
$32
15%
$28
13%
$24
11%
$20
9%
$16
7%
$12
$8
5%
2009
2010
2011
Hotspot ADV
2012
2013
2014
2015
Hotspot Mkt Shr (HS, EBS, Reuters)
Sources: Hotspot, CME Group, EBS/ICAP, Reuters/FXall
3.
Volume Breakdown
Trading activity in the European session rose 1.4% versus the prior month in May 2015 while Asia saw a 0.5% increase. Volume
during the Americas session declined by 1.9%.
Volume Percentage May 2015
Volume Percentage April 2015
Asia
14.6%
14.1%
Europe
45.2%
43.8%
Americas
40.2%
42.1%
Hotspot, May 2015
Volume Breakdown
Hotspot Hourly Volume
Volume by Hour
14.00%
12.00%
Hour (EST)
May-15
Apr-15
5pm
0.32%
0.21%
6pm
0.92%
0.86%
7pm
1.04%
1.04%
8pm
2.60%
2.84%
4.00%
9pm
2.46%
2.31%
2.00%
10pm
1.86%
1.71%
0.00%
11pm
1.44%
1.25%
12am
1.71%
1.77%
1am
2.23%
2.08%
2am
5.58%
4.52%
3am
7.42%
6.93%
4am
6.37%
6.56%
5am
5.41%
5.36%
6am
5.12%
5.08%
7am
5.10%
5.21%
8am
10.21%
10.18%
9am
9.78%
9.59%
10am
10.94%
10.94%
11am
7.39%
7.54%
12pm
3.50%
3.83%
1pm
2.70%
3.33%
2pm
2.94%
3.45%
3pm
1.82%
2.15%
4pm
1.13%
1.26%
Grand Total
100%
100%
% of Volume
10.00%
8.00%
6.00%
Hour (EST)
Apr-15
May-15
Hotspot, May 2015
The Top Five currency pairs by volume percentage were:
Currency Pair
EUR/USD
USD/JPY
Percentage
30.1%
15.7%
Currency Pair
EUR/USD
EUR/USD Total
USD/JPY
USD/JPY Total
GBP/USD
GBP/USD Total
AUD/USD
AUD/USD Total
USD/CAD
USD/CAD Total
EUR/GBP
EUR/GBP Total
NZD/USD
NZD/USD Total
EUR/JPY
EUR/JPY Total
USD/CHF
USD/CHF Total
USD/MXN
USD/MXN Total
Time Zone
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
May-15
3.16%
14.79%
12.12%
30.07%
3.68%
6.15%
5.87%
15.70%
1.13%
5.98%
5.01%
12.11%
2.67%
3.23%
2.71%
8.60%
0.50%
2.16%
3.66%
6.32%
0.30%
2.34%
1.38%
4.02%
1.28%
1.31%
1.36%
3.95%
0.42%
1.46%
1.08%
2.95%
0.20%
1.19%
1.25%
2.64%
0.04%
0.64%
1.85%
2.53%
Apr-15
2.97%
14.93%
13.53%
31.42%
3.99%
5.83%
5.81%
15.63%
0.89%
5.21%
4.71%
10.82%
2.85%
3.41%
3.18%
9.44%
0.54%
2.47%
4.31%
7.31%
0.10%
1.84%
1.07%
3.02%
0.93%
1.29%
1.15%
3.37%
0.40%
1.72%
1.28%
3.40%
0.20%
1.21%
1.35%
2.75%
0.03%
0.71%
2.01%
2.75%
GBP/USD
12.1%
Currency Pair
EUR/SEK
EUR/SEK Total
EUR/CHF
EUR/CHF Total
USD/SGD
USD/SGD Total
EUR/NOK
EUR/NOK Total
USD/ZAR
USD/ZAR Total
USD/SEK
USD/SEK Total
NOK/SEK
NOK/SEK Total
EUR/AUD
EUR/AUD Total
AUD/JPY
AUD/JPY Total
USD/TRY
USD/TRY Total
AUD/USD
8.6%
Time Zone
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
Asia
Europe
US
May-15
0.04%
1.02%
0.50%
1.56%
0.11%
0.58%
0.48%
1.17%
0.33%
0.51%
0.33%
1.17%
0.04%
0.72%
0.34%
1.11%
0.02%
0.43%
0.34%
0.79%
0.01%
0.29%
0.19%
0.49%
0.00%
0.28%
0.21%
0.49%
0.13%
0.21%
0.13%
0.47%
0.14%
0.19%
0.12%
0.45%
0.02%
0.22%
0.17%
0.40%
USD/CAD
6.3%
Apr-15
0.03%
0.79%
0.46%
1.28%
0.06%
0.56%
0.46%
1.08%
0.34%
0.48%
0.34%
1.16%
0.03%
0.54%
0.30%
0.87%
0.02%
0.35%
0.31%
0.68%
0.01%
0.19%
0.14%
0.34%
0.00%
0.23%
0.12%
0.35%
0.12%
0.19%
0.13%
0.43%
0.17%
0.21%
0.14%
0.52%
0.02%
0.21%
0.17%
0.40%
EST: Asia: 5pm-2am Europe: 2am-9am US: 9am-5pm
Hotspot, May 2015
Notes:
Hotspot daily, monthly, and quarterly volumes are posted on: http://hotspotfx.com/products/hotspot_volumes.jsp
Hotspot volumes represent the notional value in U.S. dollars of all trades executed on the platform, counting one side
of the transaction.
All comparative volume data has been normalized to account for different counting methodologies. Average Daily Volume (ADV)
reported by each platform may not be based on the same number of trading days for a given month due to observed national or bank
holidays unique to a given platform. Hotspot counts each day that the platform is open as a valid trading day.
*Market Share represents Hotspot volume divided by the total volume of publicly reporting spot FX venues (Hotspot, EBS, &
Reuters/FXall).
Hotspot, May 2015