Knight Capital peeks at Retail FX Market
Knight Capital a leading US broker and FX ECN is exploring business opportunities with UK US Forex brokers to offer
Adil Siddiqui
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Technology
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Institutional FX )
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2011-08-22T14:50:45+00:00
2011-08-22T14:50:45+00:00
Knight Capital a leading US broker and FX ECN is exploring business opportunities with UK & US Forex brokers to offer its award winning Hotspot platform to their client base.
Hotspot sold its retail division to FXCM back in 2009 in a bid to concentrate on the wholesale market.
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With the nature of FX trading undergoing many changes and the marketplace gearing towards the ‘stp’ model the retail segment is attractive for large players like Knight capital.
Currenex and Integral both competitors of Knight both offer platforms suited to the retail trader.
As a former HotspotFx retail client, i can attest to their utter inaptitude to cater to the retail segment. Its probably a wise choice to get a partner with some competence in this sector.