Drop in Forex trading in February

Today, three ECN networks have published reports on Forex trading in February. All of them recorded a drop in value relative to the previous month.

FastMatch - decrease by 2%

FastMatch ECN informs about the volume drop in their system by only 2% mdm, and the average daily value of turnover (ADV - Average Daily Volume) was $ 16,6. It is worth noting, however, that it is still one of the best months in the history of FastMatch. The result from February is just behind January this year. November and November 2017, where as a result of the presidential election the average reached a record $ 17,1 billion.

source: Leap Rate

FastMatch is a joint ownership of the American FXCM retail broker (the new name of Global Brokerage Inc) and the banks of Credit Suisse Group AG and BNY Mellon Corp. FXCM in connection with the ban that has been imposed on them by US financial supervision (we have informed you about this HERE), sells its resources to settle the loan granted by Leucadia National Corp, which saved them from bankruptcy after Black Thursday from 15 on January 2015. The DailyFX.com analyst service has been sold to the IG Group broker for $ 40 in the last few days. There is a good chance that a similar fate will happen in the FastMatch network.

Hotspot FX - down 9%

The ECN Hotspot FX network informs about the decrease in the value of mdm turnover by less than 9%. In February, the average daily trading value (ADV) for Hotspot FX was $ 27bn, up from $ 29,6bn in January. The results have been exceptionally stable for a long time and remain at a relatively similar level.

source: Leap Rate

The Hotspot FX brand was taken over from 1 on March this year. by CBOE Holdings listed on the American NASDAQ stock exchange. The company paid the former owner, Bats Global Markets, up to $ 3,2.

GTX - decrease by 14%

The GTX network announced a drop in turnover in February by as much as 14% after the record month which turned out to be January. The year 2017 began with very good results, where in the first month GTX recorded the average daily value of the volume at the level of $ 12,1. It was difficult to maintain this result. In February ADV amounted to $ 11,1, but despite the decline it is the second best month in GTX history.

source: Leap Rate

GTX is an institutional part of the retail forex broker company Gain Capital from the USA, which recently acquired customers of the banned FXCM.