Tag: Hotspot FX

September 06, 2016 BY LeapRate Staff

Gain Capital unit GTX hires Eduard Poltavsky from Hotspot FX for Eastern Europe sales

GTX, the institutional foreign exchange trading arm of Gain Capital Holdings Inc (NYSE:GCAP), announced today it has hired Eduard Poltavsky as Director, e-FX Sales. Poltavsky specializes in Russian ruble and other eastern European currency pairs. Before joining GTX, Poltavsky was Director of FX Sales at the Hotspot FX unit of Bats Global Markets Inc (BATS:BATS). This marks…

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September 01, 2016 BY LeapRate Staff

Hotspot FX has second slowest month since 2012, August volumes at $22.6B ADV

It looks like August was a very slow month for forex trading. Following our earlier reports about August volume declines at competitors GTX and FastMatch, institutional eFX venue Hotspot FX, a division of Bats Global Markets Inc (BATS:BATS), has reported that August 2016 volumes averaged $22.6 billion daily, down 14% from July’s $26.2 billion. The $22.6B figure is the…

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August 01, 2016 BY LeapRate Staff

Hotspot FX volumes fall 9% in July to $26.2 billion ADV

Continuing a trend of what we believe will be volume declines at many of the leading retail and institutional FX platforms this month, the Hotspot FX unit of Bats Global Markets Inc (BATS:BATS) has reported that volumes averaged $26.2 billion per day in July - down 9% from June's $28.8 billion ADV. We'd note in making the comparison,…

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July 01, 2016 BY LeapRate Staff

Hotspot FX volumes rise 23% in June to $28.8 billion ADV

Continuing a parade of what we believe will be very healthy trading volume reports for June by both retail and institutional FX platforms, the Hotspot FX unit of Bats Global Markets Inc (BATS:BATS) has reported that volumes averaged $28.8 billion per day in June - up 23% over May. (Although we'd note that May was a…

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June 14, 2016 BY LeapRate Staff

Bats and Hotspot FX to launch anonymous order book Outright Deliverable FX Forwards market

Financial exchange operator Bats Global Markets Inc (BATS:BATS) has announced that, alongside its Hotspot FX institutional forex division, it plans to offer global trading of outright deliverable forwards contracts, with a launch planned for fall 2016. Bats plans for the new market to operate as an anonymous order book, utilizing the Hotspot FX matching engine which migrated to…

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May 24, 2016 BY LeapRate Staff

Hotspot FX adds IPC Systems as a connectivity provider

Institutional currency exchange Hotspot FX, a unit of Bats Global Markets Inc (BATS:BATS) has announced that it had added IPC Systems as a connectivity provider to Hotspot, enabling IPC’s diverse ecosystem of buyside and sell-side clients to gain access to the Hotspot market. IPC Systems is a leading global provider of specialized communications and managed network-as-a-service solutions…

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May 23, 2016 BY LeapRate Staff

Hotspot FX parent Bats Global Markets added to Wilshire 5000 stock index

Another milestone for Bats Global Markets Inc (BATS:BATS), the parent company of Forex ECN Hotspot FX. BATS, a leading global operator of exchanges and services for financial markets, has announced that it will be included in the Wilshire 5000 Total Market Index effective immediately, in conjunction with the monthly additions and deletions of the index. The Wilshire 5000 Total Market…

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