Hotspot FX
(Redirected from KCG Hotspot)
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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[edit]
- ↑ 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.