BATS-owned FX trading platform Hotspot has cut its liquidity removal fees for customers across a range of currency pairs in Europe and Asia.
The list covers 30 currency pairs including the Russian Ruble, Chinese Renminbi, South African Rand and Turkish Lira.
The pricing deal means liquidity removal fees will not be charged to any customers trading these pairs in either New York or London until at least the end of 2015.
BATS said it wants to bring price competition to the FX industry and will be implementing additional price innovations in the future as part of its plans to grow Hotspot.
Later this year, it plans to launch a London-based matching engine to strengthen its business in Europe and Asia, which will target specific currencies that are popular in these locations.
BATS said average daily volume traded on Hotspot is growing, up from $25.2 billion in April 2014 to $28.4 billion in 2015.