The platforms of 2012: Hotspot FX
For a brief moment at the start of this month, it seemed almost possible that a major trading platform in the foreign exchange market might come crashing down, or even be forced into a shotgun acquisition. But while the $440 million software glitch that hit Knight Capital on August 1 sent the firm’s share price tumbling and led to an emergency bailout from a group of Wall Street firms the following week, it appears to have left Hotspot FX reasonably untouched.
Hotspot’s prime-broker
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