October 30, 2014 BY Andrew Saks-McLeod
KCG ends third quarter of financial year in the red with net loss of $9.6 million, evaluates future of successful Hotspot
Despite an overall loss across all operations, KCG's FX ECN, Hotspot, benefitted from a 15% QoQ rise in overall notional foreign exchange dollar volume showing that the firm's long-term approach by holding onto the FX platform was a worthwhile exercise. Could KCG sell Hotspot in future?
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