Hotspot, the first electronic communications network for institutional grade trading which was recently acquired by BATS Global Markets, is launching an aggressive commodity pairs trading promotion.
BATS Global Markets has just announced that it will begin offering free gold trading for all Hotspot customers starting May 1, 2015. The promotion, dubbed “Free Gold” includes spot gold and spot silver pairs trading. It will last at least until the end of 2015 with a possible extension into 2016.
The offering is consistent with BATS’ aggressive promotion strategies
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CEO of BATS, Chris Concannon said, “Our ‘Free Gold’ offering is consistent with the aggressive pricing promotions BATS has strategically offered customers across our equity and options trading platforms.”
The Senior Vice President of Foreign Exchange at BATS, Bill Goodbody, added, “Hotspot has built its business on great customer service, competitive pricing and award-winning technology. Our ‘Free Gold’ promotion is a great opportunity for us to reward our clients for their long-term commitment to trading on our platform and to welcome new clients as well.”
After BATS Global Markets finalized the acquisition of Hotspot earlier in March, the company’s CEO Chris Concannon accentuated that the firm aims to become a market leader in the foreign exchange space. The firm registered a 20% rebound in trading volumes last month, after an industry-wide slump in February.