Atrium Network connects to Hotspot FX

Source: Atrium Network

Atrium Network, provider of smarter connectivity for the financial community, today announced that its clients can now benefit from low latency connectivity to Hotspot FX, LLC, the New Jersey-based institutional foreign exchange ECN via Atrium Network's global extranet infrastructure.

Hotspot FX, LLC, a subsidiary of Knight Capital Group, Inc., operates the first foreign exchange ECN for institutions. Hotspot FX allows a diverse and expanding client base access to deep liquidity in more than 50 currency pairs plus gold and silver with speed, competitive pricing, full depth-of-book transparency and complete anonymity. The platform employs a multiple prime broker credit model offering flexible means of access, including Java and FIX API and the Knight Direct GUI, as well as a comprehensive array of order types and FX algorithms.

Connectivity to Hotspot FX is via Atrium Network's POPs (point of presence) in New York and New Jersey. Atrium Network's global Extranet is designed to provide ultra-low latency access for the financial community and gives participants a clear trading advantage. Clients based throughout Europe and the Americas can easily connect to the Atrium Network Extranet to benefit from high-speed, secure, resilient access to Hotspot FX presenting an efficient and effective alternative to FX solutions provided by other connectivity infrastructure providers. Hotspot FX joins a growing number of foreign exchange venues accessible via one simple connection to Atrium Network.

Commenting on Hotspot FX joining the Atrium Network community, Emmanuel Pellé, Chief Operating Officer at Atrium Network said, "As demand for complex cross-asset class trading continues to grow, firms require one connection to Atrium Network to gain low latency access to many pools of liquidity, confident that easily-permissioned, readily-scalable bandwidth is available to accommodate both current trading volumes and future requirements. We are delighted to welcome Hotspot onto our network community and to further enhance the range of options available for our trading participants."

John Miesner, Global Head of Sales at Hotspot FX added, "Speed of execution is a priority for FX trading firms, as well as access to a wide ae a range of liquidity pools- all through a simple point of connectivity. Atrium Network's capacity to handle increased bandwidth and process associated FX market data will help ensure our trading participants in Atrium Network's fast-growing community have a comprehensive solution."

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