FXall ships system for active traders

Source: FXall

FXall, the world's leading electronic foreign exchange platform, today announced the launch of a new trading solution specifically designed for active traders.

In response to changing market dynamics and demand from hedge funds, broker-dealers and CTAs, the new trading solution provides access to liquidity in full amounts from bank relationships and Accelor, FXall's low latency, anonymous ECN within a single application. Full amount trading can deliver optimal trade execution, so having the flexibility to select execution mechanisms based on the specific trading requirement and prevailing market conditions can give clients an edge. Regardless of the execution method, clients can take advantage of FXall's award winning integrated workflow, STP, control and compliance capabilities.

Neill Penney, Head of Product Strategy of FXall, commented: "By combining the strength of streaming prices from relationship banks with anonymous liquidity, we are delivering a powerful combination of trading strategies to ensure active traders have the tools required to maximize opportunities. For the first time, one system gives traders access to liquidity in multiple FX products across all currencies and tenors. A cost-effective ASP implementation makes this easy to set-up, maximizing limited organizational resources."

"Our independence and strong balance sheet support our continued investment in the range of services and sophisticated strategies required by our top-tier client base. FXall's position as a long-term valued partner to our clients enables us to fully leverage our strong relationship trading pedigree and position as the leading electronic foreign exchange platform," noted Phil Weisberg, Chief Executive Officer of FXall

FXall's new active trader functionality is one component of a complete solution that incorporates other execution mechanisms such as Request For Stream for spot, swap, forward and NDF products in major and emerging currencies. Active traders can take further advantage of FXall's recently introduced collaborative tools that enhance direct bank relationships and facilitate multi-currency portfolio management through Cross Currency Netting.

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