The sale of electronic communications network (ECN) Hotspot has not only sparked talk of further consolidation in the FX alternative trading platform space; it has also increased the buzz surrounding EBS, the market’s dominant spot broker.
Many participants dismissed the notion that Hotspot was up for sale, purely on the basis that its main backer was Joe Lewis. According to the Sunday Times, Lewis is the UK’s 15th-richest man with a personal fortune of £2 billion.
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