• Expanded Liquidity Pool
• Delivers Advanced Order Types
• Increases Pricing Granularity
• Enhances Internal Workflow Controls and Usability
FXall, the world’s leading electronic foreign exchange platform, announced that FXall Trading release 4.0 brings together key benefits for every client segment across active traders, asset managers, banks and corporate treasurers.
Phil Weisberg, ceo at FXall, said: "We are pleased to be delivering so many benefits to all of our clients and providers with this new release. FXall is well-positioned to be our clients’ strategic execution partner as we connect key market participants within a unique and virtuous liquidity pool. As a trusted, neutral marketplace, we’re building access to a community that has the right counterparties available to maximize natural opportunities and exchange risk efficiently. We offer the most comprehensive execution capabilities and tools available to help our clients maintain their edge and be successful in the current rapidly changing marketplace.”
The new FXall 4.0 integrates sophisticated functionality and liquidity with Citi’s former active platform which FXall purchased at the beginning of the year within FXall’s Aggregator. Liquidity has been replicated, along with access to new advanced order types including TWAP, pegging, OCO (One Cancels Other), market and stop loss orders, to give clients a high degree of control over their trading strategies.
For real-money and corporate clients who use FXall’s relationship trading capabilities, multiple new workflow features including enhanced role and entity-level controls, have also been released recently to strengthen clients’ risk management and internal compliance. New GUI enhancements, such as multiple blotter and filtering alternatives, pre-trade analytics and expanded order netting capabilities improve the overall system usability. In response to banks’ increased shift to internalization, FXall introduced fractional pricing to give providers a higher degree of granularity to better manage their risk; and as a result deliver tighter prices for clients.
Weisberg continues: “Our post-acquisition integration has proceeded smoothly, so we now deliver the broadest range of execution strategies – a leading anonymous ECN, advanced order types, ultra low-latency performance and deep liquidity – within one comprehensive solution. Our corporate and asset management clients can gain increased control over their trading and workflow processes, so they can effectively manage their risk. We believe that the total value proposition that FXall offers across all our client segments is really unmatched in the market."
