- On-demand, cloud-hosted FX aggregation service gaining momentum across the globe
NEW YORK, Sept. 4, 2012 /PRNewswire/ -- TraderTools Inc. (TraderTools), which delivers the world's most advanced, production-grade FX trading platforms, announced today that four additional banks have subscribed to its LightFX relationship-based, on-demand FX aggregation service in recent weeks. Subscribers to the service now span four continents.
"Banks, hedge funds and others active FX trading are moving more of their trading and liquidity sourcing away from ECNs and public markets and over to single banks for relationship pricing," said Yaacov Heidingsfeld, Chief Executive Officer at TraderTools. "In doing so they immediately benefit from higher fill rates and tighter spreads, but are then faced with the challenge of having 5 or 6 separate, single-bank platforms to deal with."
"TraderTools provides the only 2nd-generation aggregation solution based on one-to-one relationship pricing with liquidity providers. Because we do not charge the liquidity providers and our algorithms comply with their business rules while providing detailed trading statistics, both our customers and their LPs are able to build more transparent relationships. Traders can either make more money per execution or use this liquidity to gain more market share, while the LPs enjoy more consistent and predictable flow," continued Heidingsfeld.
He summarized, "This model creates a win-win situation and is helping the market move back to its roots – relationship trading with known entities as opposed to dark pools and mirage liquidity sources. Institutions are finding our on-demand, cloud-hosted service to be quicker to deploy and easier to operate than alternative platforms."
TraderTools Inc. is the technology company committed to delivering the world's most advanced, production-grade FX trading platforms. Banks and brokerages across the globe use our platforms as the foundation of their FX businesses, for quicker time to market, better execution and higher profit.
Our Liquidity Management Platform™ (LMP) integrates liquidity aggregation, pricing, white-labelling and global order management into a single, end-to-end solution. It works seamlessly across all components, providing unparalleled visibility into the entire FX workflow. With advanced built-in capabilities, like algorithmic trading and auto-hedging, LMP can also be customized to suit individual needs.
Our LightFX™ liquidity aggregation service is the world's only on-demand, cloud-hosted solution. Compared to ECNs, LightFX provides fully disclosed, relationship-based pricing, at minimal cost to liquidity takers and at no cost to liquidity providers. It helps generate Alpha, reduces reliance on internal IT and can be in production in a matter of weeks.
TraderTools, Liquidity Management Platform, LightFX and the tagline "The eFXperts" are trademarks of TraderTools Inc.
SOURCE TraderTools Inc.