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Trent Beacroft has joined Hotspot in Singapore as head of Asian sales, where he will look after both Hotspot FXi – the company’s institutional platform – and Hotspot FX, its platform for private traders and white-label partners. Beacroft was formerly an FX salesman at ANZ Singapore. Elsewhere, David Tresadern has joined the company in London as vice president, institutional sales for Hotspot FXi. Tresadern has a background in sales, having worked at UBS and Barclays.

Weekly Comment

Mian Mansha is the richest man in Pakistan and owns one of the best banks in Asia. However, his ambitions reach much further. In his first ever foreign media interview, Mansha discusses his plans to expand his empire geographically, and to create a new holding company and list his various interests on the LSE.

Please reply as soon as possible and no later than Wednesday 29th October.

FXMS coverage

Official comment of FXMS closure issued.

Recent events have given credence to the old adage “another day, another dollar”.

It has long been a mystery just how Iceland supposedly generated the wealth to go on its acquisition sprees around Europe. For a country with just over 300,000 people, and seemingly very little in the way of industry other than cod fishing and aluminium smelting, Iceland certainly punched way above its weight.

“I heard on the news that local authorities have started squealing that they may have lost [local council tax payers’] money due to lending to dodgy Icelandic banks”

The most requested record this week at weeklyFiX FM is...

I was prompted this week to send an open letter to Alistair Darling, the UK’s Chancellor of the Exchequer, as a result of the extreme volatility and confusion stalking the country’s equity market. The same letter could have been sent to most of his G7 (or G10 or G58 for that matter) counterparts.

The CME has launched a new version of its CME E-quotes information platform. “CME Group partnered with Chicago-based Computer Voice Systems Inc. to transform their data system into a platform that will provide market participants a sophisticated and intuitive tool to reliably engage the latest news, analytics and quotes,” says Brian McElligott, the CME’s director of information products management. "This is another example of our continued focus on providing our customers with the latest market data technology at a significant value to view and analyse our markets and to better reach more informed decisions,” he adds.