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Foreign Exchange

Hotspot adds bullion

Hotspot FXi has announced it is adding spot gold and silver to platform. Both have been available in soft launch mode since late March; they will be officially available from June 10. The company says streaming prices will stem from market-maker banks, bank interest-only feeds and buy-side market makers.

“The client-centric ECN model that we brought to FX trading is well suited to metals trading,” says Mike Williams, senior managing director, Knight Capital Group, the parent company of Hotspot. As well as trading through Hotspot’s own front end, clients can access the products through a number of third-party vendors, including Trading Technology, GL Trade and Progress Apama.

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