Knight Capital peeks at Retail FX Market

Knight Capital a leading US broker and FX ECN is exploring business opportunities with UK & US Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term 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.

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.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.