News : Hotspot FX Launches Retail Foreign Exchange ECN in Europe

First Published: e-Forex Magazine 30 / News / January, 2008

Hotspot FX, the foreign exchange division of Knight Capital Group, has launched an enhanced version of its Hotspot FX ECN platform, for individual traders and brokers in the United Kingdom and Europe. The ECN offers direct access to highly competitive multi-bank prices as well as bid/offer capability. In addition, the enhanced platform provides comprehensive functionality and services for white label partners and other financial institutions that want to provide clients with FX trading via a transparent ECN market structure. ”Hotspot FXi’s ECN model revolutionized the FX markets for institutions and the individual investor sector is ripe for a similar change,” said Michael E. Williams, Senior Managing Director, Hotspot FX, Inc. “Hotspot FX has always catered to the more experienced end of the individual client sector. We find this class of savvy individual traders, as well as the financial firms that serve them, is growing rapidly and we are moving to support them on a...continued

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