Hotspot FXi tops Euromoney survey in key categories
Hotspot FXi topped the 2005 Euromoney FX Survey in the key categories of STP and speed of Execution.
Hotspot FXi topped the 2005 Euromoney FX Survey in the key categories of STP and speed of Execution. The awards reflect two salient aspects of Hotspot FXi's marketplace model: operational efficiency and speed.
Hotspot FXis execution speed is facilitated by the platforms speed-optimized client and bank interfaces, its live, executable rates, and instant finality of trades upon execution, without the "last look" functionality common on other platforms. STP is provided through a distributed system that enables clients to route trades seamlessly via their clearing banks into their existing middle and back-office systems. From inception, Hotspot FXi has worked to provide STP via the existing back-office systems at clients and banks and we were also the first marketplace to offer instantaneous, executable prices to institutional customers, said John H. Eley, President and CEO, Hotspot FXi.