Hotspot
Last look orders come under scrutiny
Banks engaged in "unfair liquidity provision" that could turn into next FX scandal
FX traders see lacklustre trading volumes as trends stay weak
Volumes and activity point to subdued year ahead as trends remain weak
KCG Europe loses chief executive
Robert Smith departs the recently merged company in Europe
Banks eye new protocol to streamline platform connectivity
A working group backed by seven banks is looking to create an automated protocol to streamline the process by which clients connect to FX trading platforms
FX platform pricing needs a rethink, say banks
Greater transparency on fees at some new trading platforms is a welcome development, with banks calling on incumbent platforms to rethink their fixed costs, as well as the discounts they offer to incentivise volume
Business as usual for Hotspot under new ownership, says platform chief
Delivering technology to tackle client problems is central to the mission of KCG, the new parent company of Hotspot FX, according to Albert Maasland, head of global execution services and platforms
Aggregation hampered by predatory execution
New aggregation guidelines from EBS could help to increase transparency of aggregation, but the relationship between liquidity makers and takers remains strained
Hotspot reduces 'last look' response time by 100 milliseconds
Although the platform reports the cut has already had a positive effect, dealers working outside Hotspot's base in New York could experience latency issues
Hotspot falls under new oversight in Knight/Getco reshuffle
New management structure gives Albert Maasland and Joseph Mazzella oversight of Hotspot FX, which continues to be run by the same team
Could FX volumes bounce back in 2013?
As the central bank FX committees prepare to publish their semi-annual turnover surveys today, trading volumes are expected to have remained depressed in October 2012, but many now expect a recovery in volumes this year
Knight Capital and Getco merger to close in Q2
The merger of the two firms, which was announced on December 19, will see FX trading platform Hotspot FX fall under new management
Has last look had its day in FX?
Last look remains a divisive issue in the foreign exchange market, but some platform providers believe it has had its day and is no longer necessary for banks
Hotspot FX takes a hit from Hurricane Sandy
A power outage at Knight Capital's New Jersey headquarters yesterday forced Hotspot FX to request that clients divert business to other platforms
EBS reversal on decimals brings relief among traders
Just 18 months after EBS moved to decimalised pricing on major currency pairs, senior bank traders have expressed relief that Icap will return to full pips and half pips later this month
The platforms of 2012: Hotspot FX
Knight Capital, the parent company of Hotspot FX, has endured a torrid month following a software glitch on August 1 that cost it $440 million, but Hotspot appears to have weathered the storm. In the second of a series of articles assessing the…
Best professional e-trading venue: Hotspot FX
Hotspot FX wins the award for best professional e-trading venue for the second consecutive year - the only firm to do so in this year's awards
E-FX Awards: Graduation of the class of 2000
Citi, JP Morgan, Saxo Bank, MarkitServ and Icap's Gil Mandelzis are among the winners of the 2012 e-FX awards, which recognise excellence and innovation in FX technology
Fleschler returns to Hotspot FX
Industry veteran moves back to ECN
Saxo’s Maasland joins Knight Capital
Albert Maasland, formerly London chair at Saxo Bank, is to head Knight Capital's international business
Fleschler departs Goldman Sachs
E-commerce VP leaves the bank in New York
Spotlight on: Bill Goodbody, Hotspot FX
The institutional trading platform's business manager talks to Melanie White about the recent expansion of its client base into the banking sector, and plans to grow in Europe and Asia
Knight Capital to launch Hotspot Private Label by end of the year
Private label offering includes administrative and risk management tools and full reporting capabilities