Highly Commended (professional e-FX trading platform): Hotspot

Hotspot's business model bags an accolade

William Goodbody at Hotspot FX
Bill Goodbody, Hotspot

Institutional trading platform Hotspot has been making waves this year in the electronic communication network (ECN) space. Shortly after exchange operator Bats acquired the venue in March for $365 million, the company announced a series of initiatives to aggressively expand its market share.

Hotspot won a Highly Commended award this year, losing out on the top prize by a thin margin, as the judges felt the platform's business model, which embraces non-bank market-makers, will become more

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