Business as usual for Hotspot under new ownership, says platform chief
Foreign exchange electronic communication network Hotspot FX will continue to operate as normal following the completion of the takeover of its parent company, Knight Capital, by high-frequency trading firm Getco, according to the head of platforms at the new combined entity.
The completion of the takeover comes almost a year after Knight Capital suffered a damaging software glitch on August 1, 2012, which cost the firm $440 million and led to an emergency bail-out by a group of Wall Street
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