11:30 AM
MarketPrizm Unveils Forex Trading Platform: PrizmFX
MarketPrizm, a provider of market data and trading infrastructure platforms, announced the launch of an FX trading tool that purports to let users connect with multiple liquidity providers and trading platforms worldwide. The system, dubbed PrizmFX, features low-latency connectivity and co-location to more than 30 electronic communication networks and bank direct liquidity pools.
It also gives users a connection to matching engines in London, New York and Singapore, MarketPrizm said.
The firm added that it was driven to launch the FX platform as a result of rising global access costs, which have been on the upswing as a result of market fragmentation, and the need for hedge funds, banks and proprietary trading firms to have connectivity and co-location to multiple venues. As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio