Participating Financial Institutions

Hotspot Participating Financial Institutions include leading FX dealers, clearing banks and prime brokers. PFIs are fully integrated into the Hotspot marketplace as market makers and/or clearing banks/prime brokers.

Market Makers

Hotspot market maker banks include the world's top-rated FX dealing banks, who support the Hotspot marketplace by providing highly competitive, live, streaming prices around the clock. Working with its bank market makers, Hotspot pioneered the first FX marketplace with live, streaming multibank prices and it continues to refine the process.

Clearing Banks/Prime Brokers

Trades executed on Hotspot are cleared through a network of top clearing banks and prime brokers. Hotspot was the first multibank marketplace to develop a prime brokerage clearing model. This innovation enables clients to trade anonymously with market maker banks and other clients via a single credit and operational counterparty--their Hotspot clearing bank.

Hotspot participating financial institutions include Bank of America, BNP Paribas, Citibank, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Newedge, SEB, Nomura, Societe Generale, Standard Chartered, UBS and other leading FX dealers and clearing banks.

Hotspot's post-trade services are integrated with its clearing banks, enabling clients to begin trading on Hotspot through their existing bank relationships with seamless straight-through-processing and without the need to first integrate additional back-end systems.

 

Brokers

Clients may also access the Hotspot ECN via other FX brokers. These brokers maintain omnibus accounts with a Hotspot PFI, in effect, extending their credit lines on behalf of clients that may not desire or qualify for a direct PFI line.

 

 

Prime Brokers/Banks