NEW YORK – Electronic foreign exchange trading platform developer Hotspot FX has agreed to an acquisition offer from trade execution and asset management service provider Knight Capital Group. The all-cash, $77.5 million deal is expected to close in late April pending regulatory approval.
According to Knight Capital officials, the acquisition reflects the firm's effort to develop execution services for multiple asset classes. Knight was also attracted to Hotspot's operational model and positi
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails