Originally founded as Hotspot FX, the company was a pioneer in creating one of the first ECNs for the institutional foreign exchange market. It provided a platform for banks, hedge funds, and other major financial institutions to trade currencies directly and anonymously with deep liquidity and low latency. In 2015, Hotspot FX was acquired by BATS Global Markets, which was subsequently acquired by Cboe Global Markets in 2017. Today, the platform operates under the name Cboe FX and is a core part of Cboe's global markets offering, continuing its mission to provide transparent, efficient, and resilient FX market infrastructure to institutional clients worldwide.

Founded in

United States