Bloomberg to Stream Hotspot FXi Live Market Data

Bloomberg has bolstered its multi contributor foreign exchange market data suite with the addition of Hotspot FXis live prices for all major outright and cross rate currency pairs.

First Published by e-Forex News: January, 2004

Bloomberg has bolstered its multi contributor foreign exchange market data suite with the addition of Hotspot FXis live prices for all major outright and cross rate currency pairs. Hotspot FXis market data is derived from its unique foreign exchange marketplace on which customers view full market depth, trade instantly on live prices provided by multiple bank market makers, or enter bids/offers--all anonymously. Hotspot FXi prices are executable in contrast to indicative prices shown on other platforms.
Multi-contributor, executable data is the gold standard for market data, said Scott Swid, Principal, SLS Capital Management, a hedge fund and Bloomberg Professional subscriber. Hotspot FXi volumes have grown 20-30% monthly in 2003 to the point that the platform is doing as much spot volume as any multibank platform. The platform has 12 banks making markets and providing prime brokerage services. Hotspot FXis prices will be available on Bloomberg page HSFX and run through Bloomberg analytics.