Hotspot, the ECN marketplace owned by BATS Global Markets, Inc. (BATS:BATS), saw little change in daily FX volumes in April 2016, as the average daily volumes amounted to $25.6 billion, up 0.4% from the level of $25.5 billion per day seen in March 2016. In annual terms, the comparison was gloomier, as the April 2016…
Read moreIn tune with LeapRate's earlier report about plans of Bats Global Markets, Inc., owner of Hotspot FX, to go public again, the company today announced the launch of its initial public offering. The company announced an offering of 11,200,000 shares of its common stock by certain Bats stockholders. The initial public offering price per share is…
Read moreSeasonal factors took their toll on Hotspot FX trading volumes in March 2016, with weak trading activity on March 25th and March 28th weighing on the overall results. As a result, the eFX institutional platform of Bats reported a double-digit decrease in trading volumes for last month, following a solid February. Hotspot FX average daily…
Read moreHotspot FX, the eFX institutional platform of Bats, has just reported its volumes metrics for February 2016, with the month continuing a positive trend in terms of trading activity witnessed in January. The institutional Forex platform registered a rise in trading volumes in both annual and monthly terms. In fact, the result of $32.6 billion…
Read moreBats Global Markets, the parent of Hotspot FX, has just unveiled its new global logo and a number of changes to the company and market center naming conventions. The company has officially changed BATS Global Markets (BATS) to Bats Global Markets (Bats), with the word Bats title-cased vs. all uppercase letters. The company has applied…
Read moreHotspot FX, the eFX institutional platform of BATS, marked a very strong start to the new year, with trading volumes registering a double-digit rise from December 2015 levels, albeit lagging behind the solid numbers from last January, when the Swiss franc spike triggered an immense jump in volatility and led to record volumes. The first…
Read moreHotspot, a leading institutional Forex market owned and operated by BATS Global Markets (BATS), today announces the launch of Hotspot Link, a new service that enables clients to create unique, relationship-based, liquidity pools in response to their specific trading needs. Liquidity provision in Forex markets is fragmented and institutions use a large group of banks,…
Read moreIn what is normally a seasonally down month for FX trading volumes across both retail and institutional platforms, Hotspot FX actually saw a nice 8% MoM bump in FX trading volumes during December, averaging $24.1 billion per day versus $22.4 billion in November. However the $24.1B figure is down 13% YoY from $27.7B ADV last…
Read moreBATS is looking to raise $100 million. Its IPO filing provides some interesting insights into its Hotspot FX unit, including Hotspot Revenues and Profits.
Read moreHotspot, an institutional Forex market owned and operated by BATS Global Markets (BATS), today announced the completion of another major infrastructure development, as the migration of its U.S. matching engine to the Equinix NY5 data center was successfully completed on Monday, November 9th. Hotspot’s U.S. matching engine handled over $106 billion in notional value and…
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