Hotspot FXi plans launch in Europe

"London and Europe are the centre of FX trading," said Eley. "We will focus on the sales side and client management as well as developing channel partners in Europe."

Eley is currently investigating possible locations for the new office, and London is the likely choice. One of Hotspot FXi’s key investors, venture firm ETF Group, is based in the City, as well as a large number of banks which provide liquidity to the platform, he added. He declined to name those banks.

The new office will ope