How to access liquidity in fragmented FX markets

It is scalable, light and robust and is compatible with any Java-compliant operating system. Aggregate FX liquidity using our award-winning smart order router, advanced execution algorithms, and performance benchmarking. Choose from the rich suite of fully composable strategies or add your own custom algorithms via our extensible architecture. Each of the 6 types target main aggregation issues – over exposure and discrepancies.

This market represents a significant trading opportunity, referenced by an IMF Working Paper published in September 2020, which stated that NDF markets in many Asian emerging market currencies are well established and rapidly growing. With plans to extend the FX Aggregator offering to NDFs in 2021, Refinitiv will further enhance available liquidity in the Asia-Pacific region. The Refinitiv FX Aggregator is available as part of the suite of services available on Refinitiv FX Trading, which allows users to trade directly from a Refinitiv desktop and to eliminate the need for costly in-house infrastructure.

fx liquidity aggregation

With over 350 global staff and 24/6 customer service, Equiti provides clients with access to individual, corporate and institutional brokerage services across various affiliates and subsidiaries. Equiti Group’s global footprint includes local offices in Europe, the Middle East, the Americas, Africa, and the Asia Pacific regions and provides trading support and services on the world’s leading trading platforms MT4 and MT5. By collecting liquidity from different sources, Forex liquidity aggregators can offer increased market depth, faster order execution, and access to multiple markets. Considering all this, LAs can become an outstanding tool for improving marketing efficiency and lowering transaction costs. Spurred on by the Covid-19 pandemic-induced volatility, there has been an increase in the number of trades flowing through FX markets, which has invariably resulted in an uptick in the amount of data generated by the market. Realizing this need, FXOpen acquired one of the best liquidity aggregators that consequently boosted services of the ECN broker considerably.

fx liquidity aggregation

Monevium offers their clients a simple and fast procedure for opening IBAN accounts, card issuing, etc. With customers coming from 110 countries worldwide, Libertex has won 30 international awards from financial magazines and institutions for its customer support quality and innovative tech solutions. Designed to help digital asset exchanges and FX brokerages offer their users the ability to trade with leverage, allowing them to amplify their profits while managing their risks. We prioritize user experience and security, providing an intuitive interface and robust security measures to protect users’ funds. In late 2019, 360T decided to redress that by building a fully automated FX swaps limit order book with mid-rate matching capability. Known as 360TGTX MidMatch and specifically geared towards the interbank market, the platform has catapulted the FX swaps space along the path to full electronification.

fx liquidity aggregation

To this end, oneZero actively works with clients to analyse the data emanating from their liquidity flows and finds ways to make the system more efficient. Aggregation had a marked impact on the FX market in the early days of electronic trading. As with other classes, the electronification of execution meant that liquidity became much more dispersed.

Our company emerged on the dawn of digital trading and has been continuously evolving with the domain ever since. Together with our products and solutions, you get something difficult to evaluate — a live human experience and vibrant ideas that keep our services and technologies one of the most innovative in the market. An all-in-one application to set up a margin or comprehensive digital asset trading platform.

You can’t attract new participants without data, and you can’t create data without participants,” says Jones. A collaboration with more than 20 banks paved the way for continuous swap data along the curve, giving them that all-important market data from which to springboard. ECN technology adds to the protection of a trader against manipulations and guarantees brokers’ noninterference. Plus, the technology allows brokers to trade outside the Forex trading hours, which can be helpful for those who aim for more flexibility.

With so many options, it’s easy to get confused, but we can provide you with a customizable product that makes the job easier. The component includes a multi-level protection system that prevents unexpected behavior of any connected LP (liquidity provider) or a trading platform server. With forex liquidity aggregation this feature, you can create customizable reports required for risk management optimization and interaction with liquidity providers. Link TickTrader Liquidity Aggregator with your platform and utilize 40 ready-to-go connections to major digital asset, FX, and stocks liquidity providers.

In order for liquidity aggregation to deliver the above-mentioned benefits however, an appropriate aggregation engine is necessary. Forex Magnates reached out to Max Faust, Chief Executive of Soft-FX, for an in-depth look into technologically-driven FX brokerage solutions that are taking the industry by storm. We offer a variety of training materials including videos and demos to help our clients understand the business. Hedge funds invest in a variety of financial markets using pooled funds collected from investors and applying various trading strategies to boost their performance and returns for their investors.

Or an FX structured products specialist may wish to access the FX Exotic Options libraries via Python to solve a customer challenge. Another important item on 360T’s radar in the past year has been to improve how NDF prices are delivered. “While most market participants have been very open to new graphical user interfaces, the challenge has been around automated quoting via application programme interface (API),” says Jones.

  • The Electronic Communication Network (ECN) provides secure trading by combining the liquidity of primary providers and automatically matching buy and sell orders.
  • Liquidity aggregators can be very useful for traders who want to get the best price possible for a specific asset.
  • The scale of the problem becomes apparent when you multiply the workload required to connect to a venue by the number of venues on which you want to trade.
  • A strong liquidity pool has no value if the bridge component that connects the liquidity to the trading platform or front-end is weak, and the other way around.
  • Service providers from varying backgrounds have been particularly keen to enter the NDF streaming space because of its low barriers to entry.

Managing multiple connections to different FX liquidity pools is not only inefficient from the point of view of cost and complexity, but also gives traders a limited view of prices and of market depth. MaxxTrader is a comprehensive trading solution offering off-the shelf or white labelled Desktop, Web and Mobile apps, along with distribution on the FIX API and integration https://www.xcritical.in/ with all the major distribution channels. It covers an end-to-end workflow that includes Aggregation, Price creation, Distribution, Order Management, Margin Engine, Risk Management and Auto-hedging strategies. MaxxTrader has an out-of-the box Algo suite such as TWAP, VWAP and Basket trading, that can be used internally and offered directly to clients.

With cutting-edge web technology that is fast and light, it seamlessly syncs across desktop, web, mobile and tablet, allowing you to work from anywhere, at any time. “Imitation is the sincerest form of flattery,” asserts Simon Jones, chief growth officer at 360T. “We always knew our investment in this product just over two years ago would be about helping the industry progress, it wasn’t just about extending the 360T product suite. Successful investment in the crypto world requires constantly studying market trends, monitoring specialized forums and social networks, and conducting technical analysis. LPs offer more favorable marketing conditions due to the ample supply and demand volumes.

More recently, the COVID-19 pandemic has restricted the operation and availability of many voice trading desks, which has further accelerated the migration to electronic platforms. With increasing numbers of clients now having first-hand experience of electronic trading, this trend is likely to continue. Currencies are less liquid, more volatile, and dominated by either country-specific exchanges or voice traders. In addition, Refinitiv FX Aggregator provides connectivity to previously inaccessible markets such as B3 in Brazil and MOEX in Russia, thereby giving access to new pools of liquidity from local providers.

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