Bats Hotspot to Launch Outright Deliverable FX Forwards Contracts
- Bats Hotspot, a division of BATS, unveils plans to release a new FX product.
Leading 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 operator in the US and Europe, Bats Global Markets (BATS), today had its Bats Hotspot division announce plans to launch global trading of outright deliverable forwards contracts for the foreign exchange (FX) market, according to an official announcement.
The new deliverable FX forwards will operate as an anonymous order book and utilize the hotspot matching engine and the new contracts are expected to be available during fall 2016, with further details expected in the summer.
Chris Concannon
Source: BATS
Expected Fall 2016 launch
“We are excited to expand the Hotspot product offering to include forward contracts, meeting what we see as a real client need for additional sources of anonymous Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in these products,” said Bats Global Markets CEO Chris Concannon, commenting in a corporate statement.
Bats Hotspot is a leading operator of global foreign exchange markets and has offices in London, New York and Singapore, and plans to extend its existing Hotspot credit infrastructure to cater to the new products. The company already has a dominant market position in equities across the US and Europe and apparently is planning to increase its FX position as well with the new product plans underway.
The news follows after BATS announced just yesterday the launch of new indexes in Europe - including one that could challenge the FTSE 100 benchmark, and following Finance Magnates' coverage of the BATS purchasing ETF.com several months earlier.
Leading 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 operator in the US and Europe, Bats Global Markets (BATS), today had its Bats Hotspot division announce plans to launch global trading of outright deliverable forwards contracts for the foreign exchange (FX) market, according to an official announcement.
The new deliverable FX forwards will operate as an anonymous order book and utilize the hotspot matching engine and the new contracts are expected to be available during fall 2016, with further details expected in the summer.
Chris Concannon
Source: BATS
Expected Fall 2016 launch
“We are excited to expand the Hotspot product offering to include forward contracts, meeting what we see as a real client need for additional sources of anonymous Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in these products,” said Bats Global Markets CEO Chris Concannon, commenting in a corporate statement.
Bats Hotspot is a leading operator of global foreign exchange markets and has offices in London, New York and Singapore, and plans to extend its existing Hotspot credit infrastructure to cater to the new products. The company already has a dominant market position in equities across the US and Europe and apparently is planning to increase its FX position as well with the new product plans underway.
The news follows after BATS announced just yesterday the launch of new indexes in Europe - including one that could challenge the FTSE 100 benchmark, and following Finance Magnates' coverage of the BATS purchasing ETF.com several months earlier.