CHINA - Hotspot Fxi, the electronic foreign exchange marketplace system for the institutional market has announced the opening of a new representative office in Beijing.
The new office will support the firm’s market research, technology, marketing and business development activities in China.
“We are gratified to receive approval to open a representative office from the Administration of Industry and Commerce,” said John H. Eley, president and CEO, Hotspot FX.
“China is in a transformative stage in developing innovative financial markets, hence we are excited to introduce our foreign exchange marketplace system here today.”
Peilin Liu has been appointed director, business development at the new office. Liu joins Hotspot from China Hua Xia Bank in Beijing, where he served as manager, corporate banking.
The firm said the new office would support its activities in mainland China, Hong Kong and Taiwan. Hotspot FX is headquartered in New Jersey with offices in Boston, Chicago, Singapore and London.
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