Hotspot Cuts Fees on 30 Exotic Currency Pairs Starting in June

The newest player in the electronic foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term market, BATS Global Markets, has announced that its subsidiary Hotspot will be cutting trading fees on more than 30 currency pairs. The initiative will continue until the end of 2015.

While at first sight the move continues the aggressive push of BATS into the currency market, the pairs benefitting are not amongst the most traded ones. Most of them contain the Russian ruble, Chinese renminbi, South African rand, Turkish lira and Scandinavian currencies.

Following is the full list of currency pairs: