US - Russell Investment Group has tied up an agreement with Hotspot Fxi, an electronic communications network (ENC) for trading foreign exchange.
“Hotspot FXi will open up new and diverse sources of liquidity that will help us achieve best execution for our clients as well as complement our existing bank and request-for-quote liquidity sources”, said Ian Battye, Russell’s director of currency management.”
“We believe the way asset managers trade FX is changing. In time, the challenge for asset managers will not be if, but rather how best to access these new sources of liquidity.”
The Hotspot FXi marketplace provides direct market access, live and historical market data to its clients, who trade instantaneously on live, competitive, neutral multi-bank and client pricing or who enter their own bids and offers to improve their trade execution performance.
“Like Russell, we are committed to providing our clients with a transparent liquid direct access marketplace and robust, neutral market data that allows them to accurately and precisely measure their all-in FX trading costs, FX trade execution performance and its impact on portfolio returns,” added John H. Eley, president and CEO, Hotspot FX Inc.
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