Tag: FXall valuation

November 28, 2012 BY Gerald Segal

Will Hotspot FX need to find a new home?

Acquisition rumors swirl around Knight Capital after weekend WSJ article. The parent company of Forex ECN Hotspot FX, Knight Capital (NYSE: KCG), has seen its shares spike by about 20% the past two trading days, since a Wall Street Journal weekend article stated that Knight was weighing the sale of its main equity market-market business…

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September 24, 2012 BY Gerald Segal

Hotspot FX unlikely to be sold

Hotspot FX would likely fetch $150-200 million. In comments made to reporters on the sidelines of a Security Traders Association conference on Friday, and reported by Reuters, Knight Capital CEO Tom Joyce said that the company is unlikely to shed any of its major business units -- which include Forex ECN Hotspot FX -- as Knight looks…

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