Bats won't hike fees on Hotspot, says Concannon
BATS president Chris Concannon discusses plans for the FX platform
Bats Global Markets does not intend to hike fees on the recently acquired Hotspot, and it has no immediate plans to change the way the FX platform operates apart from relocating its matching engine to NY4 from its current KCG data centre, says company president Chris Concannon in an interview with FX Week.
The stock exchange operator bought Hotspot for $365 million last week from KCG Holdings, an electronic market-maker. The deal will see the Kansas-based stock exchange operator make its first
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