Hotspot FX brings the powerful benefits of an independent, transparent ECN marketplace structure to institutional foreign exchange trading. These benefits include full depth-of-book view, centralized price discovery, direct and anonymous market access, instantaneous trading on live, streaming prices and robust real-time pricing, benchmark, and reference data. For hedge funds, commodity trading advisors (CTAs), corporate treasuries, and institutional asset managers, Hotspot FX's FX ECN model provides full market transparency and greater control of the trading process, enabling better trade execution and lower execution costs. These capabilities and other Hotspot FX features were revolutionary when first introduced and they continue to set the Hotspot FX marketplace apart from other platforms. Hotspot FX's electronic foreign exchange marketplaces offer benefits to foreign exchange traders, which has resulted in its growth into the top rank of FX multibank platforms.