Cboe Global Markets

TRF Release Notes

BATS Agrees To Acquire Hotspot FX Market
January 28, 2015 13:28:33

BATS Agrees To Acquire Hotspot FX Market
BATS Global Markets today announced a definitive agreement with KCG Holdings to acquire Hotspot FX, a leading institutional spot foreign exchange market. The acquisition is expected to close in the first half of 2015, and represents further expansion into non-equity trading businesses for the company.

Hotspot is a well-respected, innovative organization and the combination of their existing team and distribution network, combined with our expertise in making markets more efficient, transparent and competitive, will enable us to serve the FX market well.

BATS looks forward to working with the Hotspot team and their customers as we expand our global footprint into the world's largest asset class. For more information, please refer to our press release or contact your Director of Sales. Thank you for your continued support of BATS Chi-X Europe.

Trade Desk
BATS Chi-X Europe ... Making Markets Better
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E: [email protected]
* BATS Trading Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.