Difference between revisions of "Hotspot FX"

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Hotspot FX is an [[ECN]] platform founded in 2002 that offers spot [[foreign exchange]] market access to market participants.<ref>{{cite web|url=http://www.hotspotfx.com/main.jsp|name=Foreign Exchange Trading|org=Hotspot FX|date=February 16, 2008}}</ref> It is owned by [[CBOE Holdings]]. Hotspot plans to launch a London matching engine in 2015.<ref>{{cite web|url=http://www.thetradenews.com/news/Asset_Classes/Foreign_exchange/BATS_moves_fast_to_extend_FX_presence_in_London.aspx|name=BATS moves fast to extend FX presence in London|org=The Trade|date=March 24, 2015}}</ref>
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Hotspot FX is an [[ECN]] platform founded in 2002 that offers spot [[foreign exchange]] market access to market participants.<ref>{{cite web|url=http://www.hotspotfx.com/main.jsp|name=Foreign Exchange Trading|org=Hotspot FX|date=February 16, 2008}}</ref> It is owned by [[CBOE Holdings]].
  
 
The company’s customer base includes more than 220 banks, market makers, hedge funds and institutions.<ref>{{cite web|url=http://www.tradersmagazine.com/news/crossing_networks/kcg-set-to-sell-fx-venue-hotspot-to-bats-113396-1.html?utm_campaign=algo%20update-jan%2028%202015&utm_medium=email&utm_source=newsletter&ET=tradersmagazine%3Ae3733927%3A1170180a%3A&st=email|name=KCG Set to Sell FX Venue Hotspot to BATS|org=Traders Magazine|date=January 28, 2015}}</ref>
 
The company’s customer base includes more than 220 banks, market makers, hedge funds and institutions.<ref>{{cite web|url=http://www.tradersmagazine.com/news/crossing_networks/kcg-set-to-sell-fx-venue-hotspot-to-bats-113396-1.html?utm_campaign=algo%20update-jan%2028%202015&utm_medium=email&utm_source=newsletter&ET=tradersmagazine%3Ae3733927%3A1170180a%3A&st=email|name=KCG Set to Sell FX Venue Hotspot to BATS|org=Traders Magazine|date=January 28, 2015}}</ref>

Latest revision as of 07:43, 23 March 2017

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Hotspot FX is an ECN platform founded in 2002 that offers spot foreign exchange market access to market participants.[1] It is owned by CBOE Holdings.

The company’s customer base includes more than 220 banks, market makers, hedge funds and institutions.[2]

Hotspot was acquired by Knight Capital Group, Inc., the predecessor of KCG Holdings, in 2007 in an all-cash deal for approximately $77.5 million. Upon the close of the acquisition Hotspot FX began to operate as a separate subsidiary of Knight Capital Group.[3]

In January 2015, KCG sold Hotspot to BATS Global Markets for $365 million in cash.[4] It was then sold to CBOE Holdings as part of the $3.2 billion acquisition of Bats Global Markets, which closed in February 2017.

References

  1. Foreign Exchange Trading. Hotspot FX.
  2. KCG Set to Sell FX Venue Hotspot to BATS. Traders Magazine.
  3. Hotspot FXr In The News. Hotspot FX.
  4. KCG to sell forex trading platform Hotspot to BATS Global. Reuters.