Knight Capital Group has appointed David I. Sellers as managing director, head of sales for Hotspot FX in Europe.

Sellers joins from EBS/ICAP where he led new business development.

Based in London, he oversees sales for Hotspot in both the UK and continental Europe, covering Hotspot’s client base of banks, hedge funds, institutions, commodity trading advisers and corporates.

Sellers will report to John Miesner, head of global sales for Hotspot FX.
 
“Due to effective client development and the continuing currency volatility, Hotspot FX’s reported volume year-to-date is more than 80 percent higher than the same period last year,” says Miesner. “David has the requisite management experience, relationships and industry knowledge that will allow us to further penetrate the European market. I am pleased to welcome him to the team.”
 
Hotspot FX, a subsidiary of Knight Capital Group, operates the first foreign exchange ECN for institutions. It allows clients to access deep liquidity in more than 50 currency pairs plus gold and silver.
 
“I'm delighted to be joining Knight,” says Sellers. “We have a great opportunity to grow the FX spot business in Europe through our existing client base and new target prospects. It's a challenge I very much look forward to."