Cboe Hotspot Order Book

Cboes Premier Destination for Spot FX Liquidity

Cboes Hotspot Order Book offers two unique market ecosystems, available at NY5 and LD4, comprised of a diverse set of institutional participants. Our fully anonymous Order Book model, built on award-winning technology, features customized liquidity solutions designed to optimize the trading experience for market makers and liquidity takers.

Deep, Liquid Markets
  • Quotes from global FXs top bank and non-bank LPs, combined with passive interest from our extensive buy-side community, create quality execution opportunities
Choice
  • Participants may choose to interact with Firm or Non-Firm liquidity, or a combination; we proactively work with clients to optimize the trading experience
Superior Technology
  • A comprehensive set of connectivity options, both direct and through partner middleware providers, are available to trade on our secure, stable, and increasingly fast infrastructure
Transparency
  • Full pre-trade anonymity, clearly defined Market Maker Standards, published daily volumes, and adherence to the FX Global Code highlight Hotspots commitment to a healthy, robust market
Seamless Workflow
  • Our credit structure, powered by the markets leading clearing banks and prime brokers, features pre-trade risk management, dynamic credit sharing between matching engines, and fully integrated post-trade processes

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To learn more, please contact hotspotfxsales@bats.com