Knight hires Hotspot FX Europe sales head
US sell-side firm Knight Capital has selected David Sellers as managing director and head of sales for its Hotspot FX subsidiary in Europe.
Based in London, he will oversee sales for Hotspot in both the UK and continental Europe, covering Hotspot's client base of banks, hedge funds, institutions, commodity trading advisors and corporates. Sellers will report to John Miesner, head of global sales for Hotspot FX.
Sellers joins Hotspot FX from EBS, inter-dealer broker ICAP's FX platform, where he led new business development. Prior to working for EBS in 2004, Sellers held senior sales positions at agency brokerage Liquidnet, information risk management firm Atriax and software provider Cognotec, where he was primarily involved in growing new business.
Hotspot FX operates a foreign exchange ECN for institutions, which allows clients access to more than 50 currency pairs plus gold and silver. The platform utilises a multiple prime broker credit model offering flexible means of access, including Java and FIX application programming interfaces and the Knight Direct graphical user interface, as well as an array of order types and FX algorithms.