Hotspot, an institutional foreign exchange (FX) market owned and operated by BATS Global Markets (BATS), has plans to offer free gold trading for all Hotspot customers beginning 1st May 2015.
The “Free Gold” promotion, which applies to trading of spot gold and spot silver pairs, will continue through at least year-end 2015, and may be extended into 2016.
BATS CEO Chris Concannon said, “Our ‘Free Gold’ offering is consistent with the aggressive pricing promotions BATS has strategically offered customers across our equity and options trading platforms. It’s also a unique way to introduce BATS to Hotspot’s loyal customer base and show the FX trading community how focused we are in growing Hotspot into the global market leader in spot FX trading.” Bill Goodbody, Senior Vice President, Foreign Exchange at BATS, added, “Hotspot has built its business on great customer service, competitive pricing and award-winning technology. Our ‘Free Gold’ promotion is a great opportunity for us to reward our clients for their long-term commitment to trading on our platform and to welcome new clients as well.”
Hotspot was acquired by BATS in March 2015.