Hotspot FX set to launch gold and silver spot trading

The products have been in soft launch mode since late March with market-maker banks, bank interest-only feeds and buy-side market-makers. There is no minimum posting period for bids or offers.

The ECN said the participation of high-frequency algorithmic traders in the Hotspot FXi precious metals markets is expected to enhance the execution of passive orders entered onto the ECN. For traders connected through Hotspot FXi's LiveLink API and FIX gateway, more than 90% of trades are executed in five

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