Hotspot on the offensive with free FX offer

Platform chief says price competition "long overdue"

William Goodbody at Hotspot FX
Bill Goodbody, Hotspot

Institutional foreign exchange trading platform Hotspot has fired the first shots in a brewing price war over fees, with the now Bats-owned venue announcing free trading for liquidity takers in more than 30 currency pairs – dubbed the Hot List.

The initiative comes as Hotspot seeks to carve out a larger slice of the London FX market, challenging the dominance of primary price-discovery venues EBS and Thomson Reuters with an aggressive pricing strategy, which its parent company is known for.

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