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Bats Hotspot to launch outright forwards for FX market

First Published 14th June 2016

Initiative launch planned for Autumn 2016.

New York and London - Bats Hotspot has announced plans to offer global trading of outright deliverable forwards contracts, with a launch planned for fall 2016.

The new market will operate as an anonymous order book and will utilize the Hotspot matching engine which migrated to the NY5 data center in Secaucus, N.J., in 2015. The existing Hotspot credit infrastructure will be extended to cater to the new products.

Further information about the planned launch will be announced later this summer.