Monthly Statistics April 2014

Size: px

Start display at page:

Download "Monthly Statistics April 2014"

Brooke Washington
5 years ago
Views:

1 1. Volume Snapshot Monthly Statistics April 2014 April 2014, a holiday shortened month marked by historic lows in FX volatility, resulted in industry-wide declines in FX trading volumes. EBS posted its lowest average daily volume (ADV) on record and the CME saw FX volumes fall to 5 year lows. However, despite the trends affecting the broader industry, KCG Hotspot remains the only reporting venue that continues to post a rolling 12-month ADV increase in volume, when compared to the prior period. April 2014 Statistics (Single Count, USD): KCG Hotspot posted an ADV of $25.2 billion. (based on 22 trading days) ADV decreased 21.3% versus March (March 2014 ADV: $32.1 billion) ADV decreased 14.6% versus April (April 2013 ADV: $29.5 billion) Total Volume: $555.3 billion Monthly Statistics: US Dollar Value Traded Average Daily Volume (ADV) April 2014 $555.3 Billion $25.2 Billion April 2013 $650.1 Billion $29.5 Billion KCG Hotspot s Monthly and Quarterly volumes are posted on: 12-Month Daily Moving Average: 12 Months Ending April 30, 2014 % Change from Prior 12 Months KCG Hotspot $30.4 Billion +18% EBS/ICAP $88.2 Billion -25% Reuters $111.7 Billion -13%

2 2. Market Trends Apr-14 Mar-14 Apr Month Avg KCG Hotspot Market Share* 13.7% 13.9% 10.3% 13.2% KCG Hotspot's MoM & YoY ADV percentage comparing to other reporting venues: Apr 2014 vs. Mar 2014 Apr 2014 vs. Apr 2013 KCG Hotspot -21% -15% EBS/ICAP -23% -47% Reuters -18% -31% CME -37% -40% Overall Market (Reuters, EBS, KCG Hotspot) -20% -36% FX Volume Trends - December 2012 Base Line 200 Volume Change (%) vs December Hotspot CME EBS Reuters Sources: KCG Hotspot, CME Group, EBS/ICAP, Reuters

3 3. Volume Breakdown For April 2014, trading activity in the Asian and European sessions increased by a respective 0.4% and 2.9%. Activity during the US session decreased 3.4%. Asia Europe Americas Volume Percentage (April 2014) 14.86% 44.31% 40.83% Volume Percentage (March 2014) 14.42% 41.41% 44.18% VOLUME BY HOUR (EST) Volume by Hour Month Hour (EST) Apr-14 Mar-14 5pm 0.22% 0.39% 6pm 0.75% 0.80% 7pm 1.13% 1.77% 8pm 2.99% 2.85% 9pm 3.00% 2.18% 10pm 1.97% 1.61% 11pm 1.52% 1.30% 12am 1.36% 1.54% 1am 1.92% 1.97% 2am 4.66% 2.83% 3am 7.02% 5.02% 4am 6.65% 6.71% 5am 5.28% 6.56% 6am 4.35% 5.33% 7am 5.38% 5.99% 8am 10.96% 8.97% 9am 9.34% 9.17% 10am 10.66% 9.24% 11am 7.78% 7.51% 12pm 3.91% 6.00% 1pm 2.62% 4.43% 2pm 3.13% 3.92% 3pm 2.07% 2.53% 4pm 1.32% 1.39% Grand Total % % % of Volume 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% KCG Hotspot Volume Per Hour 5pm 7pm 9pm 11pm 1am 3am 5am 7am 9am 11am 1pm 3pm Hour (EST) The Top Five currency pairs by volume percentage were as follows: Currency Pair EUR/USD USD/JPY GBP/USD AUD/USD USD/CAD Percentage 26.01% 19.41% 10.92% 9.94% 6.10% The Top 20 currency pair composition remained unchanged from the prior month. GBP/USD and USD/CAD saw the largest month-over-month volume declines; 1.1% and 1.21% respectively. On the contrary, USD/JPY saw the largest increase of 1.15%. AUD/JPY and USD/TRY climbed two spots to 15 th and 18 th rank as EUR/AUD transposed positions with USD/TRY to become the 20 th most active pair. Apr-14 Mar-14

4 Our Top 20 currency pairs by volume percentage and time zone were: Pair Timezone Apr-14 Mar-13 Currency Pair Timezone Apr-14 Mar-13 EUR/USD US 11.03% 12.14% USD/MXN US 1.59% 1.22% Europe 12.95% 12.00% Europe 0.40% 0.31% Asia 2.03% 2.31% Asia 0.03% 0.04% EUR/USD Total 26.01% 26.45% USD/MXN Total 2.03% 1.57% USD/JPY US 7.81% 7.69% USD/SGD Europe 0.51% 0.48% Europe 6.92% 6.47% Asia 0.41% 0.35% Asia 4.68% 4.09% US 0.32% 0.26% USD/JPY Total 19.41% 18.26% USD/SGD Total 1.24% 1.10% GBP/USD US 4.28% 5.61% EUR/SEK Europe 0.78% 0.73% Europe 5.71% 5.61% US 0.39% 0.38% Asia 0.93% 0.81% Asia 0.02% 0.04% GBP/USD Total 10.92% 12.02% EUR/SEK Total 1.19% 1.15% AUD/USD US 3.41% 3.99% USD/ZAR Europe 0.52% 0.45% Europe 3.61% 3.65% US 0.47% 0.42% Asia 2.92% 3.28% Asia 0.02% 0.03% AUD/USD Total 9.94% 10.92% USD/ZAR Total 1.01% 0.89% USD/CAD US 3.06% 3.92% AUD/JPY Europe 0.21% 0.18% Europe 2.54% 2.73% Asia 0.23% 0.17% Asia 0.49% 0.65% US 0.21% 0.17% USD/CAD Total 6.10% 7.31% AUD/JPY Total 0.65% 0.52% USD/CHF US 1.81% 1.82% EUR/NOK Europe 0.43% 0.45% Europe 1.73% 1.69% US 0.20% 0.23% Asia 0.31% 0.32% Asia 0.01% 0.02% USD/CHF Total 3.84% 3.83% EUR/NOK Total 0.64% 0.69% EUR/JPY Europe 1.50% 1.32% GBP/JPY US 0.24% 0.27% US 1.26% 1.32% Europe 0.26% 0.25% Asia 0.81% 0.73% Asia 0.07% 0.06% EUR/JPY Total 3.58% 3.37% GBP/JPY Total 0.57% 0.58% NZD/USD US 1.10% 0.94% USD/TRY US 0.20% 0.18% Europe 1.17% 0.79% Europe 0.35% 0.18% Asia 0.97% 0.59% Asia 0.01% 0.01% NZD/USD Total 3.24% 2.31% USD/TRY Total 0.56% 0.37% EUR/GBP Europe 1.55% 1.61% AUD/NZD Asia 0.18% 0.15% US 0.93% 1.22% US 0.11% 0.14% Asia 0.16% 0.15% Europe 0.16% 0.12% EUR/GBP Total 2.64% 2.97% AUD/NZD Total 0.44% 0.40% EUR/CHF US 1.05% 1.01% EUR/AUD Europe 0.20% 0.18% Europe 1.06% 0.88% US 0.12% 0.17% Asia 0.17% 0.25% Asia 0.11% 0.12%

5 Notes: KCG 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. KCG Hotspot counts each day that the platform is open as a valid trading day. *Market Share represents KCG Hotspot volume divided by the total volume of publicly reporting spot FX venues (KCG Hotspot, EBS &Reuters).

Monthly Statistics June 2014

1. Volume Snapshot Monthly Statistics June 2014 KCG Hotspot posted a month-over-month 6% increase in ADV, accounting for 13.9% of publicly reported spot FX volume in June 2014, unchanged from the prior