The newest player in the electronic foreign exchange 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.
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Following is the full list of currency pairs: