Bats Hotspot prepares outright FX forwards launch
New product could get rolling in the autumn
Bats Hotspot plans to offer global trading of outright deliverable forwards contracts in the autumn, taking parent company Bats Global Markets a step nearer to its goal of providing non-spot foreign exchange instruments to its clients.
The exchange operator tells FX Week it sees a customer need for a widely accessible forwards order book. "It's a logical next step for Hotspot to take on behalf of customers beyond the spot market," says Bill Goodbody, senior vice-president and head of FX at Bats
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