FX Bridge Technologies Corp., a leading provider of foreign exchange and CFD technology solutions, today announced that PFGBEST, a leading global broker, has licensed FX Bridge's trading platform to provide online FX options trading to its client base.
PFGBEST, through the FX Bridge platform, enhances its offering to institutional and retail FX clients by expanding its suite of products that include direct access to interbank liquidity. PFGBEST created the Typhoon system for straight-through processing of foreign exchange transactions and it is a model in the industry for global FX liquidity aggregation.
"Building a world-class options platform with proven technology and access to interbank liquidity enables PFGBEST clients to expand their portfolio of trading and risk management strategies in foreign exchange, the world's largest market," said Russ Wasendorf, President and COO, PFGBEST. "This initiative is consistent with our continuous goal to be a leading global broker providing excellent service, technology and products to clients."
The PFGBEST FX options platform will be provided by FX Bridge Technologies Corp. It provides access to live interbank prices, supports same-account trading and margining of spot FX and FX options, and extensive modeling and optimization tools to enable traders to select and deploy a host of FX options trading strategies.
"We are pleased to join with PFGBEST, one of the largest non-clearing U.S. Futures Commission Merchants (FCMs) to offer a state-of-the-art FX options trading platform," said Stephen Best, CEO, FX Bridge. "Clearly this move underscores PFGBEST's commitment to providing a robust and sustainable trading product array, and will help expand the firm's reputation of excellence in liquidity aggregation in cash foreign exchange."