|KCG HOTSPOT TO PUBLISH DAILY SPOT FX VOLUME|
KCG HOTSPOT TO PUBLISH DAILY SPOT FX VOLUME
JERSEY CITY, N.J. - June 2, 2014 - KCG Holdings, Inc. (NYSE: KCG) announced that KCG Hotspot, its award-winning foreign exchange ECN for the institutional spot market, today began publishing daily spot FX volumes to the public via their website.
"We've long been advocates for moving the FX industry toward greater transparency," said John Miesner, Managing Director and Head of Global Sales at KCG Hotspot. "So we've decided to start with our own volume data. This has been driven in large measure by what our clients want. It also reflects KCG Hotspot's commitment to being clear and open. We support other such efforts that progress the FX marketplace's move toward the forms of transparency shown in other asset classes, such as standardized reporting and the release of more current data by all platforms."
Hotspot volume statistics are being made available to the general marketplace at http://hotspotfx.com/products/hotspot_volumes.jsp. Today's release includes daily volumes for the prior 30 days on a rolling basis. Hotspot also will continue to publish volume statistics on a monthly and quarterly basis, as it has since 2010.
Hotspot's 12-month moving average is up more than 13% through May 2014, making it the only reporting venue to continue to post a year-over-year increase in average daily volume compared to the prior period.
KCG Hotspot was recently named "Best Platform for Hedge Funds" among non-bank providers at the 2014 Profit & Loss Readers' Choice Awards, May 29, 2014. The annual awards are based on votes from Profit & Loss readers, and they recognize the leading providers among both banks and non-banks, which include interdealer brokers, ECNs and market data vendors.
About KCG Hotspot
KCG Hotspot offers an independent, transparent ECN marketplace for institutional foreign exchange trading and tailored solutions to a diverse client base. Through deep liquidity, complete anonymity and innovative technology, Hotspot grew from a pioneer in institutional currency trading into the top-ranked FX multibank platform. For more information, go to www.kcg.com or www.kcghotspot.com