In Brief, November 15, 2010

technology arms race

Hotspot FX hots up in October

Hotspot FX reported a 29% rise in average daily volumes to $44.2 billion – double count – in October, versus October last year. Volumes were also 31% higher than in September 2010, when average daily volumes reached $33.8 billion. Comparing October to September, volume in Europe and Americas trading increased slightly, to 0.01% and 0.25% respectively, while Asia retracted 2.7%. EUR/USD accounted for most of its market share, increasing 7.07% to 42.46% from September

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