Hotspot FX

Hello,

Anyone here using Hotspot fx itch colocated at equinix (NY) + cross connect? How's going ? What are your costs? Would you like to split costs with me? pls PM or reply here for discussions/proposals.

Thanks for reading,
Zmax

which broker would this be through?

and why HotSpot? I've not seen a broker offering spreads as tight as I can get through CNX or Integral, and this was the retail CNX.

I just checked out your posts in other threads, are you looking to be a price maker into HotSpot?

eurscalpr,

The prime broker doesn't matter... LCG for example. Spreads are tighter with hotspot as far as i saw if you request their best pools. With cnx you can get very tight spreads but they are all lastlookers and do not commit to the price or you get fills in +700ms while Hotspot fills in 15ms or so... (i don't say hs doesn't have lastllookers). Integral experience was bad for me. About strategies i have more: market-making and also setups to hit their liquidity. For all of them i need a fast connection and best "ping" possible to their servers which mean equinix colo and cross-connect. Was hoping to find another trader that uses them to split costs for the hardware part (colo+ cables).

Zmax,

HotSpot's execution engine is slower than cnx and integrals. sounds weird considering Knight is a leader in low latency trading but i understand hotspot's using its original engine and everything since has been a patch i.e it is getting old.. HS also have last look and give the banks 300ms to respond.

if your flow is aggressive the banks will stop pricing 'you' and or you'll be put on their HFT feed and the pricing on it is not that competitive.

I'd recommend LMAX. I'm sure the banks could do with a good roasting

I know hotspot is only for institutions.
How can retail clients use this broker?

with money, lots and lots of it

Open a trading account with a primebroker that can give you access to hotspot. Baxter,LCG,Rabo... the negotiations you will have with the broker. But it can go from 20k usd to 500k or more in order to open the acc.

you have to have $1mill+ and be a ECP