Exclusive: AxiCorp Becomes Prime of Prime Broker on KCG Hotspot

AxiCorp Financial Services Pty Ltd, one of Australia’s largest FX providers, announced today to 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 Magnates that it has increased its ECN prime brokerage service to include KCG Hotspot already effective from July 30, 2014.

The firm explained that this move is in line with AxiCorp’s continued plans for expansion into the institutional market, as it sets the stage for its next phase of planned growth with focused expansion on key international markets and niche segments. KCG Hotspot, the FX interbank dealing platform unit of multi-asset trading firm KCG, is a leading ECN FX provider in the U.S institutional financial markets.

Alex MacKinnon, General Manager at AxiCorp, said: “This is a great opportunity for us to be working with one of the world’s largest ECNs. This partnership shows that we have the capability to deliver something different to the market.”

"KCG Hotspot is pleased to welcome AxiCorp as new participant in our expanding global FX marketplace,” said John Miesner, Managing Director and Head of Global Sales at KCG Hotspot. "By connecting to Hotspot, AxiCorp clients have access to our customized institutional and wholesale FX Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term solutions, with all the technology, service and other benefits of our award-winning platform," Miesner added.