Hotspot's London push may spark price war

Bats paid customers to attract equities market share

Chris Concannon, Bats

Foreign exchange platform Hotspot could start a price war among London-based trading venues as it gears up for an "aggressive push" in the city, following its acquisition by Bats Global Markets, which at one point paid customers to trade on its exchange to attract market share.

The platform announced plans to set up a new matching engine in London as it expands into Europe with ambitions to challenge incumbent primary venues. The move could intensify the focus on fees charged by trading venues

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