BATS Announces London-based Hotspot

Since completing its acquisition of Hotspot institutional foreign-exchange (FX) market earlier this month, BATS Global Markets officials have not let the grass grow under their feet. The global exchange operator plans to deploy an instance of its Hotspot matching engine in its Slough facilities later this year. “We plan to move swiftly with this project…

The Sound and Fury of Fixed-Income Trading

This may be a poorly timed post since the Tabb Forum’s annual fixed-income conference is tomorrow, I’m pretty bearish on meaningful changes in corporate-bond market these days. There’s been a lot of activity in the electronic-trading space for fixed income over the past year as agency brokerage ITG and Tradeweb launch their respective trading platforms…