Secure networking provider IPC and foreign exchange market Hotspot said that market participants can now gain secure and reliable access to Hotspot´s marketplace for outright deliverable forwards through IPC´s FX Hub.
The IPC FX Hub supports the global foreign exchange markets through data centers in key markets such as New York, London, Tokyo, Singapore, Moscow, Chicago, Hong Kong, Frankfurt and Zurich – all with connectivity to IPC´s vast community of diverse financial market participants and low latency access via IPC´s dark fiber rings to key FX liquidity providers and dealers. The Hotspot marketplace for outright deliverable forwards operates as an anonymous order book, underpinned by Hotspot´s matching engine located in the NY5 data center in Secaucus, NJ. The existing Hotspot credit infrastructure will be extended to cater to the new products.
Bats Global Markets operates exchanges and services for financial markets. It is headquartered in Kansas City with offices in New York, London, Chicago, San Francisco, Singapore and Quito.
IPC is a technology and service leader that powers financial markets globally.