Bats pushes into FX with Hotspot deal

The US exchange operator makes its first push into the foreign exchange markets with $365m purchase

Bats pushes into FX with Hotspot deal

Bats Global Markets has agreed to acquire a foreign exchange trading platform owned by KCG Holdings, marking the US stock market operator's first push into currencies trading.

Bats today announced an $365 million, all-cash deal to acquire Hotspot, a deal it expects to close in the first half of 2015.

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