Hotspot FX CEO Departs

VENDOR UPDATE

JERSEY CITY, N.J.—John H. Eley, president and CEO of ECN Hotspot FX, left the company late last week, say Hotspot FX officials.

In a statement, Knight Capital Group, new owner of Hotspot FX, reports that Eley left the company and that an interim management team is in place. Robert J. Fleschler, 41, managing director and global head of sales, and Steven H. Reich, 40, chief operating officer (COO), are overseeing the subsidiary's operations on an interim basis.

The news shocked many market

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