Bats Hotspot to launch Outright Forwards for FXa Market

Bats Hotspot has announced plans to offer global trading of outright deliverable forwards contracts, with a launch planned for fall 2016.

First Published by e-Forex News: July, 2016

Chris Concannon
Chris Concannon

Bats Hotspot has announced plans to offer global trading of outright deliverable forwards contracts, with a launch planned for fall 2016.“We are excited to expand the Hotspot product offering to include forward contracts, meeting what we see as a real client need for additional sources of anonymous liquidity in these products,” said Bats Global Markets CEO Chris Concannon.The new market will operate as an anonymous order book and will utilize the Hotspot matching engine which migrated to the NY5 data center in Secaucus, N.J., in 2015.  The existing Hotspot credit infrastructure will be extended to cater to the new products.