Hotspot on the offensive with free FX offer
Platform chief says price competition "long overdue"
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.
"The
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