Portware and Hotspot FXi's leading edge systems are linked through a FIX gateway, providing users with instantaneous FX trading capability and live, streaming, executable market data supplied by Hotspot FXi's network of top-rated bank market makers and institutional customers.
"Portware's integration with Hotspot FXi adds a significant source of FX liquidity for our users," said Eric Goldberg, Portware CEO. "Not only can customers trade FX from a multi-asset platform, they can also execute real-time automated strategies incorporating other asset classes. The ability to apply a strategy across a full portfolio provides our clients with an unprecedented level of control and a virtually limitless pool of trading opportunities."
"Hotspot FXi has built a robust marketplace which offers traders anonymous, instantaneous access to FX trading and the addition of Portware's algorithmic trading community will provide a new source of trading and customer liquidity to our marketplace," said John H. Eley, President and CEO, Hotspot FX, Inc. "We are excited to work with Portware to bridge their system and its premier clientele with ours."
Portware Professional is the global securities industry's premier trade management system for automated and portfolio trading of global equities, futures, options and FX. Portware Professional is a real-time, FIX-compliant, broker-neutral system currently in use at more than 100 buy-side, sell-side and hedge fund firms for basket, single order, and automated quantitative trading.
Hotspot FXi is the leading FX marketplace. Its exchange/ECN marketplace structure provides clients with full depth-of-market view, centralized price discovery, bid/offer, passive dealing and instantaneous trade execution capabilities on live, executable prices. In 2004, passive trading by clients, including client-to-client matching, accounted for nearly half of all trades in the Hotspot FXi marketplace, powering its 150 per cent annual volume growth.