The company’s customer base includes more than 220 banks, market makers, hedge funds and institutions.
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.
In January 2015, KCG sold Hotspot to BATS Global Markets for $365 million in cash. It was then sold to CBOE Holdings as part of the $3.2 billion acquisition of Bats Global Markets, which closed in February 2017.
- Foreign Exchange Trading. Hotspot FX.
- KCG Set to Sell FX Venue Hotspot to BATS. Traders Magazine.
- Hotspot FXr In The News. Hotspot FX.
- KCG to sell forex trading platform Hotspot to BATS Global. Reuters.