Hotspot FX has added five new currency pairs, sterling/yen, Canadian dollar/yen, Australian dollar/yen, Swiss franc/yen and Eurodollar/Swedish krona to its spot foreign exchange platform aimed at retail investors, broker/dealers and fund managers.
There’s nothing particularly innovative about this move given that a number of its competitors already offer these currency pairs. It will, however, be good news to FX participants who like the Hotspot model. Hotspot FX offers its trading platform technology and pricing via an application programme [API] and a FIX gateway to financial services firms.
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