John Eley quits Hotspot FX
Knight Capital Group, Inc. (NASDAQ:NITE) today announced that John H. Eley, 43, President and Chief Executive Officer of the company's Hotspot FX subsidiary, has left the company, effective today.
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Robert J. Fleschler, 41, Managing Director and Global Head of Sales of Hotspot, and Steven H. Reich, 40, Hotspot's Chief Operating Officer, will oversee the subsidiary's operations on an interim basis. Messrs. Fleschler and Reich will report to Gregory C. Voetsch, 44, Executive Vice President and Head of Knight's Institutional Group. Knight completed its acquisition of Hotspot, which provides institutions and dealers with spot foreign exchange trade execution through an advanced, fully electronic platform, effective April 1, 2006.