21 February 2017
visit dh.com

GFI Group and CIB agree to stream bank live prices

12 March 2013  |  1417 views  |  0 Source: GFI Group

GFI Group Inc. (NYSE: "GFIG") GFI Group Inc., a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, and Crédit Agricole CIB, the Corporate and Investment Banking arm of the Crédit Agricole Group, the world's sixth-largest bank by total assets, announced the launch of their Live Price Streaming initiative catering to the Asian Forwards market.

Using GFI ForexMatch Application Programming Interface (API), which allows direct electronic access to executable prices between Crédit Agricole CIB's internal trading infrastructure and GFI's clients, banks now interact directly with Crédit Agricole CIB through GFI's electronic trading platform.

Scott Tatham, GFI Group Managing Director and Head of Asia said: "We are very pleased to have Crédit Agricole CIB, one of the world's top banks, join us in providing liquidity to the Asian forwards markets. With this initiative, which combines our electronic trading technology and the expertise of our voice brokers, we are able to provide our clients with execution in a single venue."

"GFI ForexMatch gives Crédit Agricole CIB an additional access to supply and source liquidity from the electronic space which is where the market is heading. We would like to be the first to embrace this new technology," said Thomas Johansen, Managing Director and Global Head of Emerging Markets Forex Trading, Crédit Agricole CIB.

Supporting the streamlining of price discovery, banks can also now opt for a spreadsheet-based trading approach in order to access real-time liquidity. The multi-faceted platform utilizes Microsoft Excel's real-time data components to allow information to be populated via a spreadsheet.

Dr. Keith Nicolle, Head E-Commerce, GFI Group Asia Pacific commented: "Through GFI ForexMatch we are able to provide our clients with the latest technology in electronic trading and connectivity, while also responding to the requirements and challenges of the new regulatory environment. Our latest initiative, that successfully commenced trading last week utilising our two-way FIX API, underlines our commitment to offer our clients choice in their methods of execution, while adapting to their changing trading requirements with a range of innovative solutions through a common platform and programming interface."

Providing trading transparency has been driven home by regulatory reforms relating to over-the-counter derivatives. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit dh.com

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
17422 views 11 comments | 53 tweets | 87 linkedin
Nesta launches £5 million Open API challengeNesta launches £5 million Open API ch...
10371 views comments | 21 tweets | 19 linkedin
Jaguar embeds payments into digital dashboardJaguar embeds payments into digital dashbo...
10350 views comments | 49 tweets | 58 linkedin
The fintech effect: Banks buy in to benefits of boosting financial well-beingThe fintech effect: Banks buy in to benefi...
9275 views comments | 17 tweets | 12 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
8392 views comments | 17 tweets | 14 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job