Summary
JERSEY CITY, N.J. (HedgeWorld.com) - Knight Capital Group agreed to acquire Hotspot FX for US$77.5 million in an all-cash deal.
The deal is expected to be done in the next 90 days and will add another asset class to Knight's trading execution business. The Hotspot electronic trading platform has grown significantly since its inception in 2000, and it now supports 24 currency pairs and handles between 5,000 and 10,000 FX spot trades per day.See the full content of this document
Extract
Knight Buying E-Fx Trading Platform
"In an increasingly fragmented market, clients want a centra...
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