Belzberg signs for Lava FX trading technology

Source: Belzberg Technologies

Belzberg Technologies Inc. (TSX:BLZ), a leading provider of technology-based equity and options trading, and Lava Trading Inc., the innovative technology firm that develops high-performance trading solutions for the financial services industry, today announced that Belzberg has selected the LavaFX product suite to provide foreign exchange trading services to Belzberg clients.

LavaFX will be fully integrated with the Belzberg trading system, providing customers with online spot-trading in multiple currencies and cost efficient hedging in combination with cross-border equities, options and futures trades.

Built upon Lava's leading, proprietary technology core, LavaFX provides a premier offering in electronic foreign exchange trading. It offers a Central Limit Order Book of live dealable prices, full price transparency and depth of book, and the ability to place bids and offers, together with Lava's sophisticated order types. The system aggregates multiple sources of FX liquidity into a single access point, which can be tapped via the fast, intuitive LavaFX user interface, or through a FIX API.

"LavaFX is the perfect complement to our order execution system," said Sid Belzberg, Chief Executive Officer, Belzberg Technologies. "As Canada's premiere provider of electronic cross-border trade execution, we are thrilled to offer our customers instant electronic FX trading with the tight spreads, pricing transparency, and aggregation of disparate liquidity sources that electronic trading demands. This partnership allows traders of inter-listed stocks to focus on trading rather than Forex slippage."

"We are excited to partner with Belzberg and help the company bring industry-leading e-FX technology to its extensive equity client base," said David Ogg, Chief Executive Officer, LavaFX. "Belzberg's expansion into foreign exchange is indicative of the growing demand for electronic FX trading. By leveraging Lava's fast, reliable and intelligent FX solutions, Belzberg will be able to offer clients increased trading efficiency, along with greater pricing transparency, liquidity and aggregation of disparate FX execution venues."

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