eSignal and Hotspot FX Unveil Spot FX Data; Joint Effort Provides Real-Time Access to Spot Foreign Exchange Data
June 21 2005 - 8:15AM
Business Wire
eSignal, a division of Interactive Data Corporation (NYSE: IDC) and
a leading provider of streaming, real-time financial market data,
news, analytics and decision support tools to professional and
individual traders, together with Hotspot FX, Inc, operator of
premier institutional and retail foreign exchange trading
marketplaces and provider of anonymous, real-time trading on live,
streaming, multibank prices, today announced the availability of
Hotspot FX's foreign exchange data via eSignal's market data and
news platforms. "Hotspot FX is known for its robust, executable,
multibank data, which makes it a valuable enhancement to our
services," said Robin Verderosa, Senior Director, Product
Management of eSignal. R. Keith Lite, Director of Business
Development, Hotspot FX Inc., had this to say, "By adding Hotspot
FX's real-time market data, eSignal customers can monitor foreign
exchange trading and related risk management strategies from a
single tool. Together with Hotspot FX, eSignal provides 24-hour
access to the highly liquid FX market." Hotspot FX's participating
banks are among the top-rated global financial institutions and are
fully integrated into the Hotspot FX marketplace, providing ongoing
liquidity and a virtual clearinghouse network. In terms of trading
volume, daily forex turnover exceeds $1.9 trillion (source: Bank
for International Settlements, September, 2004) making the forex
market the world's largest market, dwarfing both the U.S. bond and
equity markets. Availability: eSignal products are available for
purchase online or by calling 800-833-1228. Visit eSignal's website
(www.esignal.com) for a complete list of features and pricing
options. To trade on Hotspot FX, the firm's retail marketplace,
individuals and smaller professional traders or broker/dealers and
FCM's representing retail traders can establish omnibus or direct
accounts with Hotspot FX's fully regulated Futures Commission
Merchant (FCM). To trade on Hotspot FXi, Hotspot FX's institutional
marketplace, an account can be established and used at any Hotspot
FXi's network of top-rated clearing banks and prime brokers. About
Hotspot FX, Inc. Hotspot FX, Inc., which marked its fifth
anniversary in 2005, operates leading spot FX marketplaces for
institutional and retail market participants respectively. Both
marketplaces provide anonymous, instantaneous, direct-access
trading on live, executable, streaming prices supplied by leading
foreign exchange banks and financial institutions. Trades executed
on Hotspot FX, the company's retail platform, are cleared through
its regulated FCM brokerage. Trades executed on Hotspot FXi,
Hotspot FX's institutional marketplace, are cleared through a
network of top-rated clearing banks and prime brokers. Hotspot FXi
participating financial institutions include AIG Financial
Products, ABN-Amro, ANZ, Bank of America, Barclays, Bear Stearns,
BNP Paribas, Dresdner Kleinwort Wasserstein, Fimat, HSBC, HvB, JP
Morgan Chase, Royal Bank of Scotland, Societe Generale, West LB,
UBS and other leading banks. Hotspot FXi was the top-rated
Multibank Platform in the 2005 Euromoney Foreign Exchange Survey in
the key Speed of Execution and STP categories. In addition, Hotspot
FXi was voted Best in Automated Streaming Prices in the 2005
Euromoney Internet Technology Awards. Hotspot FX provides
connectivity to trade and order management systems, market data
vendors and other platforms via its LiveLink(sm) proprietary API,
which supports the firm's FIX gateway as well as other connectivity
protocols. Hotspot FX's live foreign exchange marketplaces are
available, or will soon be available, via leading trading and order
management systems. Hotspot FX is headquartered in Watchung, New
Jersey, a suburb of New York City, with offices in Boston, Chicago,
Singapore, Beijing, and London. Hotspot FX is a registered service
mark and LiveLink is a service mark of Hotspot FX, Inc. About
eSignal: The eSignal division (www.esignal.com) of Interactive Data
Corporation (NYSE: IDC) (www.interactivedata.com) is a leading
global provider of financial and business information to
professional and active individual investors. Building on a 20-year
legacy of delivering time-sensitive financial information, eSignal
provides streaming, real-time market data, news and analytics.
eSignal's suite of products includes eSignal(R), Advanced GET(TM),
QuoTrek(R), FutureSource(R) and MarketCenter LIVE(TM).
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