Knight Capital Group’s electronic trading venue is looking to roll out a new business line called Hotspot Private Label, FX Week reports. The new model is a miniature version of Hotspot FX that will meet the demands of foreign exchange brokers.
Hotspot Private Label will comprise administrative and risk management tools, a newly redesigned graphical user interface and full reporting capabilities. The product will mainly enable brokers to customize the service for their clients. The service has been in the development stage for more than a year and is estimated to launch by the end of 2011.
Click here for the story from FX Week.