DealHub (Option Computers Ltd), a provider of FX data and trade connectivity products for financial firms, announced today that KCG HotSpot, the institutional FX ECN, is the latest trading platform to connect to the firm’s FX Distribution Hub service.
The move will allow existing DealHub customers to connect to HotSpot, including the firm’s recently launched QT dark liquidity pool, via the ‘connectivity as a service’ platform.
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Bill Goodbody, Managing Director & Head of Sales at KCG Hotspot commented, “Our focus has consistently been on providing our clients with bespoke solutions that help them access liquidity and reduce friction in their workflow. As we deliver innovative new liquidity solutions including HotSpot QT, and continue to experience rapid volume growth, joining FX Distribution Hub is a natural step in helping us meet the increasing demand from new price makers and takers who want to connect quickly and easily to our deep pool of liquidity.”
An FX distribution Hub delivers a one-stop solution to managing multi-channel price distribution and liquidity sourcing in the FX market. One interface provides banks with access to trading venues and a community of direct counterparties. The DealHub FX Distribution Hub forms an integral part of RefleX, the firm’s modular eFX platform launched in September.
Chris Leaver, COO at DealHub commented, “We’re delighted to welcome KCG HotSpot to FX Distribution Hub. We’ve reached the point where the cost, time to market and performance benefits of the Hub are well established for banks looking to extend their venue distribution and the Hotspot platform is emerging as a priority for both new and existing customers. With the launch of DealHub RefleX, we’re now able to offer banks an incredibly flexible route to high performance eFX – whether they’re upgrading an existing platform, or taking their first steps in the market.”