Hotspot FX is used by banks that are seeking real-time pricing to make markets to their end-user clients. Client banks quote their customers instantly with confidence that the multibank prices and quantities they see on Hotspot FX are fully executable and final.
Live, Executable Pricing
As a client of Hotspot FX, client banks deal on live, executable rates streamed by leading market-maker banks and Hotspot FX clients or enter their own bids/offers to gain price improvement.
Instantaneous Trading/Instant Confirmation
Client banks can quote their clients with confidence knowing that when it's time to deal, Hotspot FX offers superior trade execution speeds, with instant confirmations.
Direct Access for Active FX Banks
Hotspot FX's Foreign Exchange Bank Direct offering enables foreign exchange banks to use their existing credit lines to trade in Hotspot FX's ECN marketplace. Adding Hotspot FX's ECN marketplace to their array of execution venues enables banks to tap a diverse liquidity pool comprised of bids and offers generated by the natural interest of fund managers and other buy-side market participants, prices generated by high-frequency models deployed by buy and sell side firms as well as live, two way prices streamed by major FX market maker banks.
Prime Broker Credit Model
When it launched in 2002, Hotspot FX innovated the "Prime" credit structure, which enables client banks to trade on a multibank platform using a prime broker credit line. Hotspot FX's network of prime brokers is multilateral so clients of one prime broker can see all available prices posted by clients of other prime brokers as well as market maker banks. This centralized, multilateral model contrasts with other platforms where clients see only the pricing of clients and banks that are on the respective hub of the prime broker they use.
Flexible Connectivity, API, Trading Interface
Hotspot FX offers a complete array of connectivity options including its proprietary API, which has been in production continuously since 2002 with the largest money center banks and most demanding FX clients. Hotspot FX supports clients' connectivity preferences whether through direct integration with our API, connection via our FIX gateway, or internet connection via our front-end trading interface.
Flexible Business Model
Hotspot FX's business model is commission-based. There are no monthly subscriber charges, technology licensing or other ongoing fees.
