Hedge funds, commodity trading advisors (CTAs) and trading firms were the lead users of the Hotspot FXi marketplace and to this day they remain among our largest, most active clients. When it was launched in 2002, Hotspot FXi empowered this client sector with a liquid marketplace that enabled them to trade anonymously, instantaneously as well as improve dealing prices by entering bids and offers.
Totally Anonymous, Neutral Trading Environment
All trading activity is anonymous. Anonymity enables traders to deal on neutral prices, which reflect market conditions only, not a perception of the client's direction based on trading strategies, tactics or current market positions.
Dynamic Depth of Market Display
In addition to seeing the best bid and offer, clients can view all prices in the system as well as the available quantity at each price. This feature enables clients to gauge liquidity at different prices, improving trade execution.
Instantaneous Trade Execution
Clients deal instantly on live, executable prices with immediate confirmations. Hotspot FXi does not provide a "last look" to price makers, so Hotspot FXi trades are final and confirmed as soon as they are dealt.
Price Improvement and Bid/Offer Capability
Hotspot FX clients have the ability to enter bids and offers. Using this feature, traders can fully manage their trade executions and benefit from price improvement. This feature enables all traders to "earn" a spread instead of having to "pay" a spread on every trade.
Client-to-Bank and Client-to-Client Trading
The Hotspot FXi platform allows clients to trade on the global liquidity of member banks and also on the liquidity provided by all other clients in the marketplace. Client-to-client trades are transacted in the same anonymous fashion as bank-to-client trades. A client's credit exposure is to its clearing institution only, never to another bank or client.
Operational Efficiency
Through the use of our API, both clients and banks benefit from straight through processing. Trades can be fed real time into front, middle, and back-office systems via the Hotspot FX proprietary API and its FIX gateway.
