AxiCorp Financial Services Pty Ltd, one of Australia’s largest FX providers, announced today to Forex Magnates that it has increased its ECN prime brokerage service to include KCG Hotspot already effective from July 30, 2014.
The firm explained that this move is in line with AxiCorp’s continued plans for expansion into the institutional market, as it sets the stage for its next phase of planned growth with focused expansion on key international markets and niche segments. KCG Hotspot, the FX interbank dealing platform unit of multi-asset trading firm KCG, is a leading ECN FX provider in the U.S institutional financial markets.
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Alex MacKinnon, General Manager at AxiCorp, said: “This is a great opportunity for us to be working with one of the world’s largest ECNs. This partnership shows that we have the capability to deliver something different to the market.”
“KCG Hotspot is pleased to welcome AxiCorp as new participant in our expanding global FX marketplace,” said John Miesner, Managing Director and Head of Global Sales at KCG Hotspot. “By connecting to Hotspot, AxiCorp clients have access to our customized institutional and wholesale FX liquidity solutions, with all the technology, service and other benefits of our award-winning platform,” Miesner added.