For a couple of years after its acquisition by Knight Capital in April 2006, Hotspot dropped off the radar of most FX players, so much so that I have renamed it Tepidspot. So I am a bit surprised to learn that the company is now averaging around $30 billion a day in spot transactions.
The company certainly seems full of confidence again; it says it will publish its monthly volume statistics from now on. Any ECN has to be confident in its prospects to commit to that – just ask EBS and anyone who worked at FXMarketSpace.
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