FXall launches Accelor ECN

FXall launches Accelor ECN

Foreign exchange trading outfit FXall has launched Accelor, an electronic communications network (ECN) designed to speed up trading times and increase liquidity for market participants.

Accelor combines anonymous ECN functionality with an advanced technical architecture and comprehensive market data, says the vendor.

The system supports a range of trading styles and execution methods and offers a wide range of advanced order types. FXall says Accelor's matching engine has been designed for minimal latency, with orders acknowledged within three milliseconds and filled within 20. This is backed up by comprehensive market data, including full depth of book, completed trade information and historical data.

Commenting on the launch, Phil Weisberg, CEO of FXall, says: "For the first time, all market participants have access to an efficient, liquid ECN which can be used alongside FXall's relationship-based trading services, delivering clients the flexibility to switch between relationship and anonymous dealing according to trading requirements."

Royal Bank of Scotland, Rabobank, Nordea, Marex Financial, Dresdner and ABN Amro have already signed up to the system.

Hamish McLoughlin, global head of foreign exchange, Rabobank, comments:"Accelor addresses a real demand in the market for an ECN that delivers extremely low latency combined with deep liquidity and comprehensive market data."

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