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IPC's Hub enables access to Hotspot's outright deliverable forwards

First Published 21st October 2016

IPC's FX Hub to provide access to Hotspot's marketplace for outright deliverable forwards.

Chicago - IPC, a provider of communications and networking solutions, and Hotspot, the institutional foreign exchange (FX) market owned and operated by Bats Global Markets, has announced that market participants can now access Hotspot's marketplace for outright deliverable forwards through IPC's FX Hub.

The IPC FX Hub supports the global foreign exchange markets through data centers in New York, London, Tokyo, Singapore, Moscow, Chicago, Hong Kong, Frankfurt and Zurich - all with connectivity to IPC's financial market participants and low latency access via IPC's dark fiber rings to FX liquidity providers and dealers.

The Hotspot marketplace for outright deliverable forwards operates as an anonymous order book, underpinned by Hotspot's matching engine located in the NY5 data center in Secaucus, NJ. The existing Hotspot credit infrastructure will be extended to cater to the new products.