Knight Capital completes HotspotFXi acquisition
NEWS
Ownership became effective on April 1, with Hotspot FXi running as a separate subsidiary of Knight Capital Group.
The New Jersey-based trade execution and asset management service provider announced plans to acquire Hotspot FXi in January this year (FX Week, January 30).
The deal was the first sale of a foreign exchange market-place, setting a benchmark for the valuation of other FX trading venues.
Since then, other platforms such as spot broker EBS and multibank portal FXall have come closer to
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