FXall, the multi-bank foreign exchange trading portal, has integrated 11 more financial institutions as liquidity providers to its online platform.
The 11 liquidity providers are ANZ, Bank of New Zealand, Barclays Capital, Brown Brothers Harriman, Danske Bank, ING Financial Markets, Jyske Bank, Merrill Lynch, National Australia Bank, Nordea and SEB Merchant Banking.
The move brings the total number of fully integrated providers on the FXall platform to 34. The portal currently has 55 financial institutions providing liquidity.
FXall's complete integration to the automated price-making capability of its providers ensures clients receive a price from FXall within three seconds 90 per cent of the time, says the company.
John Graham, partner at Rogge Global Partners, notes: "Clearly FXall has gained momentum as liquidity providers integrate on their platform. Customers seek maximum transparency and tightness of pricing. This can only be achieved through full integration with the widest range of banks."
FXall has also announced is now has more than 200 corporations and asset managers signed for trading. The majority of these customers are already executing live trades on the portal.