Average daily volumes at newly-acquired institutional ECN Hotspot FX totaled $31.5 billion compared to $26.4 billion in February, whilst total trading volume was up from $528.5 billion to $694.9 billion
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Read moreHotspot, which was acquired by BATS on 13th March, will continue to operate its matching engine in the New York area. The London matching engine will target Europe and Asia and specific FX currencies that dominate the European and Asian trading hours
Read moreA 5.52% decrease in market making activity in February for KCG, taking the daily average back down to the realms of the steady performance at the end of last year following January's high, whilst OTC trading begins to make a slow recovery
Read moreNorth American conglomerate KCG has announced the completion of the sale of spot FX venue Hotspot to BATS Global Markets
Read moreFXCM's initial confirmation of negative client balances was $225 million, however it has now been revealed that it stands at $276 million. With a $51 million gulf, and only a handful of brokers having reported their negative equity exposure, what is the true cost? LeapRate takes a detailed look
Read moreWith BATS Global Markets expected to complete it's reported purchase of KCG's ECN Hotspot FX on March 13th, we'll take a look at trading volumes in February for the Hotspot ECN. To kick-start February volume metrics as a possible sign of things to come across segments of trading venues, the ECN volumes have slumped by 23% compared with January this…
Read moreBATS Global Markets (BATS), a leading operator of U.S. and European markets, today announced that President Chris Concannon will be appointed to the additional role of chief executive officer, effective March 31, 2015. BATS Global Markets is fresh off the purchase of Forex ECN Hotspot from KCG Holdings in late January, the roll out and…
Read moreFollowing KCG's initial announcement that LeapRate reported at the end of October that it was considering the sale of its spot FX venue Hotspot, the transaction has now been completed with BATS Global Markets as the new owner
Read moreWhistleblower Haim Bodek prompted a complaint by the SEC in 2011 which has culminated this week in a $14 million fine having been issued to two exchanges formerly owned by Direct Edge Holdings, and since acquired by BATS Global Markets
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