TraderTools, which delivers the world's most advanced FX trading platforms, announced today that it has connected to MarkitServ, one of the most widely-used electronic processing services for OTC transactions, for FX STP integration.
The agreement connects TraderTool's LightFX next-generation hosted FX trading service to TradeSTP, MarkitSERV's award-winning FX processing environment which connects more than 100 liquidity providers (LPs) - including banks, brokers, exchanges and electronic crossing networks - with other end destinations for real-time post-trade notification (Notices of Execution). By integrating post-trade messaging flows within TradeSTP, LightFX customers gain effective access to FX market participants already supported by MarkitSERV for post-trade FX STP.
Yaacov Heidingsfeld, Chief Executive Officer at TraderTools, said: "A major impediment to deploying the most advanced FX trading technologies is often the need for IT intervention on the customer side. That's why our LightFX Software-as-a-Service (SaaS) solution now supports full integration with the world's leading STP providers, like MarkitSERV. LightFX-MarkitSERV customers can usually be up and running in a matter of days."
Keith Tippell, Director and Co-Head of FX at MarkitSERV, said: "Our collaboration with TraderTools facilitates efficient delivery of full straight-through processing to all LightFX customers. By connecting TraderTools' LightFX hosted FX trading service to MarkitSERV's award-winning TradeSTP platform, our respective clients benefit from fully integrated FX trade processing and enhanced overall trading efficiency."