Hotspot
Northern Trust: algos give power to clients
The release of an FX algorithm suite in June ushered in a new era for the custody giant
CME to launch spot FX basis spreads
The CME FX Link will create the first central limit order book between OTC spot FX and CME FX futures
GTX to launch full-amount trading on its ECN
Gain Capital’s trading venue offers full-amount execution as it seeks to reduce market impact
Cahill trades KCG for Hotspot
Mike Cahill brings a wealth of sell-side experience to his new role as a FX sales director
Cartledge: Direct is moving to single-ticket execution
“We don’t know if the order is for the full amount or not, so we don’t want to call it full-amount trading," says Cartledge
Challenger platforms hot on the heels of legacy peers
FastMatch's volumes doubled year-on-year, while GTX saw volumes rise 50% over the same period
Silverman to lead first ECN launch in three years
The new spot FX venue, Fenics FX, comes from BGC Partners, with Hotspot co-founder Howard Silverman at the helm
Hotspot gears up for NDFs following forwards launch
Venue set to list NDFs on-Sef in the coming weeks, after completing the first anonymous outright forwards trade
Hotspot appoints Weinberg as head of FX liquidity analysis
In the newly created role, Jon Weinberg is tasked with creating sophisticated data analytics to improve the trading experience
Spot volumes rise in March
Secondary venues see robust volumes; primary platforms also tick higher
Hotspot hires two, promotes two in sales
Vickerman and Bowry join; Leit and Watras to lead sales in Europe and Apac, respectively
FastMatch snatches Beacroft from Hotspot in Asia
Beacroft helped to build Hotspot's business in the region
FX platforms finish 2016 on a flat note versus the year before
Despite spikes in June and November, over-the-counter FX trading was subdued
Goodbody leaves Bats Global Markets
Head of global FX leaves the firm he joined last year, following Hotspot’s acquisition, with Bryan Harkins taking up his role
TraderTools plans buy-side build-out
Firm puts buy-side clients in its crosshairs; discusses potential execution options and plans to tap hidden pools of liquidity
FastMatch to roll out market impact rule month's end
With new matching rules, the platform will be using tools that automatically select liquidity providers that create no market impact after receiving orders
Bats moves to acquire Javelin SEF
The planned acquisition signals the exchange operator's aggressive push to include non-spot FX instruments among its product offerings
Platform volumes dip in July, but grow year-on-year
ADV inch lower for institutional FX venues after a Brexit-boosted June, but there is still growth, compared with 2015
GTX recruits Reichel in institutional sales
Thomas Reichel joins from Bats Hotspot and brings more than 20 years' experience to his new role
Best e-FX Trading Venue and Best FX Hedging Platform: Hotspot
Hotspot's quest for transparency, expansion, investment and reliable liquidity scores two wins for Bats Global Markets
Hotspot set to charge for connectivity from July 1
London matching engine half the price of New York as venue seeks to build European presence
FX volumes inch higher in April
Over-the-counter volumes were up on the whole, but FX trading on-exchange was generally down
February volumes fall after good start to year
Average daily volumes reversed January's trend and dropped across all major FX platforms
Sales remuneration set for shake-up
Venues and brokers shift focus to quality of flow amid rising price competition