Hotspot FXi Participating Financial Institutions include leading FX dealers, clearing banks and prime brokers. PFIs are fully integrated into the Hotspot FXi marketplace as market makers and/or clearing banks/prime brokers.
Market Makers
Hotspot FXi market maker banks include the world's top-rated FX dealing banks, who support the Hotspot FXi marketplace by providing highly competitive, live, executable, streaming prices around the clock. Working with its bank market makers, Hotspot FXi pioneered the first FX marketplace with live, executable, streaming multibank prices and it continues to refine the process.
Clearing Banks/Prime Brokers
Trades executed on Hotspot FXi, Hotspot FX's institutional marketplace, are cleared through a network of top clearing banks and prime brokers. Hotspot FXi was the first multibank marketplace to develop a prime brokerage clearing model. This innovation enables clients to trade anonymously with market maker banks and other clients via a single credit and operational counterparty--their Hotspot FXi clearing bank.
Hotspot FXi participating financial institutions include AIG, ABN Amro, Bank of America, Bear Stearns, BNP Paribas, Citibank, Fimat, HSBC, JP Morgan, Lehman Brothers, Morgan Stanley, Prudential Financial, Societe Generale, Standard Chartered, UBS and other leading FX dealers and clearing banks.
Hotspot FXi's post-trade services are integrated with its clearing banks, enabling clients to begin trading on Hotspot FXi through their existing bank relationships with seamless straight-through-processing and without the need to first integrate additional back-end systems.
