Bats Global Markets Inc. is buying a currency-trading venue, making its first foray into the $5.3 trillion market and diversifying its sources of income.

The Lenexa, Kansas-based market operator has agreed to acquire Hotspot FX from KCG Holdings Inc. for $365 million in cash, according to statements from both companies. KCG had contacted potential buyers for the currency platform including Nasdaq OMX Group Inc. and Deutsche Boerse AG as part of the sale process, people familiar with the matter said in October.

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