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Hotspot FXi Adds Singapore Dollar Trading

In order to meet demands from Asian market participants as well as its client base of hedge fund and international asset managers, Hotspot FXi is adding US dollar/Singapore dollar to its platform.

Officials say the new currency pair will support Hotspot’s efforts in the region, where it has opened offices in Singapore and Beijing, and marketed the platform in Japan and Korea.

“Hotspot FXi’s marketplace structure appeals to traders who understand the advantages of instantaneous, anonymous trade execution on neutral prices supplied by the world’s leading FX banks, as well as the ability to trade passively by entering bids and offers into the market,” comments John Eley, president and CEO at Hotspot. “Although Asian currency pairs are available on dealer platforms, our clients strongly prefer to trade them in Hotspot’s transparent marketplace structure.”

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