Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced the appointment of David I. Sellers, Managing Director, Head of Sales for Hotspot FX in Europe.
Mr. Sellers joins Hotspot FX from EBS/ICAP where he led new business development. Based in London, he oversees sales for Hotspot in both the UK and continental Europe, covering Hotspot's diverse client base of banks, hedge funds, institutions, commodity trading advisors (CTAs) and corporates. Mr. Sellers will report to John Miesner, Head of Global Sales for Hotspot FX.
"Due to effective client development and the continuing currency volatility, Hotspot FX's reported volume year-to-date is more than 80 percent higher than the same period last year," said Mr. Miesner. "David has the requisite management experience, relationships and industry knowledge that will allow us to further penetrate the European market. I am pleased to welcome him to the team."
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. Hotspot FX in Europe is a division of Knight Capital Europe Limited.
"I'm delighted to be joining Knight," said Mr. Sellers. "We have a great opportunity to grow the FX spot business in Europe through our existing client base and new target prospects. It's a challenge I very much look forward to."