Linedata Services (Bloomberg: LIN.FP), today announced a strategic partnership with FX Alliance ("FXall") to provide integrated access to the leading online Foreign Exchange ("FX") trading platform in a powerful and scalable environment.
This gives clients of Linedata Services' award-winning LongView Trading Order Management System ("OMS") seamless access to the FXall suite through a dedicated Financial Information eXchange ("FIX") connection.
The web-based FXall suite boasts the most comprehensive offering of trading and settlement tools in the FX trading marketplace. This partnership gives LongView's clients access to FXall's confidential trading environment, helping to eliminate errors common with manual processes, and to achieve MiFID compliance by providing a full audit trail of the entire FX deal lifecycle.
"With ever-increasing foreign exchange trade volumes, this partnership reinforces Linedata Services' commitment to meeting clients' demands for increased liquidity and improved controls in a volatile market," said Dan Pagano, Vice President of Strategic Alliances for Linedata Services in North America. "LongView Trading clients will achieve higher STP rates at a lower cost with the ability to actively manage settlement risk, which is a win-win scenario for our customers."
FXall is a trusted provider of FX trading solutions for foreign currency trade execution and seamless straight-through processing (STP) for the entire transaction lifecycle. Utilizing a high-performance network that is integrated with over 60 of the world's leading foreign exchange banks, FXall offers the deepest source of liquidity in the market.
FXall's flexible workflows and robust reporting functionality are in line with Linedata's goal of helping clients minimize risk, maximize efficiency and achieve better execution.
"FXall is committed to providing a range of execution methods to fulfill the diverse requirements of clients from across the trading spectrum," added Mike Mendes, Chief Operating Officer at FXall. "The FX market is growing at a rapid pace and FXall is constantly working to develop and enhance its products to provide the most advanced workflow and compliance tools. The partnership with Linedata Services is therefore a welcome addition to our offering."