HotSpot FX Overview
Hotspot FX, Inc. operates two spot FX marketplaces (Hotspot FXi LLC and Hotspot FXr LLC) for institutional and retail market participants where buyers and sellers worldwide can trade foreign exchange directly and anonymously with each other. Both marketplaces provide anonymous, direct access trading on live, executable, streaming prices supplied by foreign exchange banks and financial institutions.
HotSpot is a client-to-client and bank-to-client secure ECN foreign exchange trading platform which allows clients to trade spot foreign exchange. Clients can also access a wide range of products including: charting and live news feeds. Clients will be able to trade, enter orders, and monitor positions on-line, 24 hours-a-day. The HotSpot platform allows for direct execution, while it maintains complete anonymity.
Benefits of HotSpot FX
- Anonymous, Neutral Trading Environment — All trading activity is anonymous. Anonymity enables traders to deal on neutral prices, which reflect market conditions only, not a perception of the client’s direction based on trading strategies, tactics or current market positions.
- Dynamic Depth of Market Display — In addition to seeing the best bid and offer, clients can view all prices in the system as well as the available quantity at each price. This feature enables clients to gauge liquidity at different prices, improving trade execution.
- Timely Trade Execution — Clients deal on live, executable prices with timely confirmations.
- Bid/Offer Capability — Hotspot FX clients have the ability to enter bids and offers. Using this feature, traders can fully manage their trade executions. This feature enables all traders to “earn” a spread instead of having to “pay” a spread on every trade.
- Client-to-Bank and Client-to-Client Trading — The Hotspot FX platform allows clients to trade on the global liquidity of member banks and also on the liquidity provided by all other clients in the marketplace. Client-to-client trades are transacted in the same anonymous fashion as bank-to-client trades. A client’s credit exposure is to its clearing institution only, never to another bank or client.
- Operational Efficiency — Through the use of our API, both clients and banks benefit from straight through processing. Trades can be fed real time into front, middle, and back-office systems via the Hotspot FX proprietary API and its FIX gateway.
*Please note that liquidity, low latency, dealable pricing and tight spreads are subject to market conditions and are not guaranteed.
