KCG open to Hotspot sale
FX venue being valued at $300 million, according to reports
Knight Capital Group (KCG) says it is open to selling FX spot platform Hotspot if an offer is made at the right price, according to its quarterly earnings report, released on October 30.
One of the largest FX spot venues in the market, the New Jersey-based technology provider recorded an average daily volume of $30.3 billion in the third quarter, up by $2 billion on the same period of 2013 and by $4 billion on last quarter. Despite this, the company has admitted that if a deal works for the
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