Hotspot FXi And Traiana Launch Joint FX Trading Platform

by Simona Covel, Dow Jones Newswires, 201-938-2371; simona.covel@dowjones.com

NEW YORK -(Dow Jones)- Hotspot FXi and Traiana, Inc., a financial software company, have announced the availability of a joint institutional foreign-exchange platform for clients and prime brokers trading on Hotspot FXi's electronic network.

The new interface, a partnership between Hotspot's FXi platform, Traiana Trading Relationship Management software and the Traiana Harmony service, automates the entire trading process by sending immediate electronic FXi deal confirmations, according to a written statement distributed by e-mail.

Brokers may give up trades to any prime broker via one connection to Harmony, which is fully integrated to the back-end office systems at the prime broker, the statement said.

"This is an important step for Hotspot FXi as it continues to offer institutional investors the most transparent and immediate sources of liquidity in the foreign exchange industry," said John H. Eley, CEO of Hotspot FXi in the statement.

Watchung, NJ-based Hotspot FX Inc., the parent of Hotspot FXi, is a foreign exchange trading marketplace. San Mateo, CA-based Traiana Inc. offers back-end and relationship management products for trading.

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