Bill Goodbody, Jr. Named Senior VP, Head of FX at BATS, BATS Hotspot

BATS Global Markets, Inc. & BATS Hotspot LLC, the international equities and options Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term group that recently entered the FX market, has appointed Bill Goodbody Jr. as its newest Senior VP and Head of FX.

Last week, BATS completed the acquisition of HotSpot as it officially entered the forex markets realm. The firm acquired KCG's FX unit for over $360 million. BATS’ president was bullish on the move as it marks the exchange’s entrance into the vibrant Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term markets.

Moreover, the US and European markets operator BATS tapped Kapil Rathi as its Vice President, Options Business Strategy, early last week, solidifying its New York presence.

Mr. Goodbody joins BATS via the aforementioned merger, having been a part of KCG Hotspot FX since 2008, where he worked in a number of senior level roles over the past six years. He has been the group’s Chief Operating Officer & Head of Sales, and most recently the Managing Director.

In his new role as the Senior VP and Head of FX at BATS and BATS Hotspot LLC, Mr. Goodbody will be based out of New York City, helping oversee the newly acquired Hotspot arm.