Knight Capital To License FX Technology

Knight Capitalintends to license the technology that powers itsHotspot FXcurrency platform,The Wall Street Journalreports. The brokerage and trading group is seeking brokerage firms in the U.S., the U.K. and some Asian countries for providing a white-label version of the Hotspot platform.

White-labeling the system backing Hotspot will allow Knight to re-enter the emerging retail FX segment. The platform will be offered to brokerage firms, which will hire banks and trading houses to provide liquidity to professional and retail trader clientele. Buyers can choose which currency pairs they want to offer and tweak limits around risk and leverage.

Click here for the story fromThe Wall Street Journal.