Knight Capital to acquire Hotspot FX

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

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