Participating Financial Institutions

Hotspot's partner Participating Financial Institutions (PFIs) are fully integrated into the Hotspot marketplace as dealers, clearing banks, and/or FX prime brokers extending credit to institutional clients. This extensive network of the foreign exchange market?s top banks facilitates direct market access for bank and non-bank participants alike. Anonymous order book trading is achieved via a single credit and operational counterparty – the trading participant's designated PFI.

Clients may also access the Hotspot ECN via other FX brokers. These brokers maintain omnibus accounts with a Hotspot PFI, further extending their credit lines to participants that may not desire or qualify for a direct PFI line.

Bilateral pre-trade credit checks and dynamic risk management contribute to a stable, orderly marketplace, while Hotspot's fully integrated post-trade services provide seamless straight-through-processing.