FXall announced the launch of its 4.0 foreign exchange platform, with expanded liquidity and advanced order types, which draws upon its acquisition of Citi’s LavaFX.
The new FXall 4.0 integrates sophisticated functionality and liquidity with Citi’s former active platform which FXall purchased at the beginning of this year within FXall’s Aggregator, stated the company in its press release. Liquidity has been replicated, along with access to new advanced order types including TWAP, pegging, OCO (One Cancels Other), market and stop loss orders, to give clients a high degree of control over their trading strategies.
For real-money and corporate clients who use FXall’s relationship trading capabilities, multiple new workflow features including enhanced role and entity-level controls, have also been released recently to strengthen clients’ risk management and internal compliance. New GUI enhancements, such as multiple blotter and filtering alternatives, pre-trade analytics and expanded order netting capabilities improve the overall system usability. In response to banks’ increased shift to internalization, FXall introduced fractional pricing to give providers a higher degree of granularity to better manage their risk; and as a result deliver tighter prices for clients.
“As a trusted, neutral marketplace, we’re building access to a community that has the right counterparties available to maximize natural opportunities and exchange risk efficiently,” commented Phil Weisberg, FXall’s CEO, in today’s release.
“Our post-acquisition integration has proceeded smoothly, so we now deliver the broadest range of execution strategies - a leading anonymous ECN, advanced order types, ultra low-latency performance and deep liquidity - within one comprehensive solution,” stated Weisberg. “Our corporate and asset management clients can gain increased control over their trading and workflow processes, so they can effectively manage their risk. We believe that the total value proposition that FXall offers across all our client segments is really unmatched in the market."
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio