Hotspot adds market makers

- By FX Markets Staff
- @FXMarkets_
- 05 Jul 2004

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These additions are boosting liquidity on the platform, said John Eley, president and chief executive officer of Hotspot FXi in Watchung, New Jersey. "We now have 10 active market makers providing competitive bids and offers. As a result the liquidity on the platform currently reflects the liquidity in the market."

The sales pitch to banks has become easier as their clients want them to be on the platform, and as banks compete for the potential flow, there are now very tight spreads, Eley said.

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