Online foreign exchange trading platform Hotspot FX has registered with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and has become a member of the National Futures Association.
David Ogg, CEO of Hotspot FX, comments: "Our designation as an FCM indicates our commitment to upholding the highest of financial business standards and practices."
In a separate announcement, Hotspot FX has added three new currency pairs to its ECN: Euro/Swiss Franc, Euro/British Pound and Euro/Japanese Yen. These new currency pairs join other pairs: Euro/US Dollar (USD), British Pound/USD, USD/Japanese Yen, Swiss Franc/USD, Australian Dollar/USD and Canadian Dollar/USD.
Ogg adds: "With the launch of these new currencies, we expect to see continued, rapid growth in trading volumes and client participation over the coming months."