FXall Press Release
FXALL FURTHER EXPANDS ITS POOL OF LIQUIDITY PROVIDERS
Five New Banks Add to Over 200 Pricing Streams
21 September 2009 - FXall, the world's leading electronic foreign exchange platform, today announced the expansion of its pool of liquidity providers with the addition of five new banks since the beginning of the year. The new providers include Bank of Ireland, CIC Bank, Fortis Netherlands, KAS BANK and a leading South African bank. With these additions, there are now more than 70 providers serving over 800 global institutions across four primary client segments: active traders (including broker-dealers, commodities trading advisors and hedge funds), asset managers, banks and corporate treasurers.
Banks are attracted to FXall for its support of diverse execution mechanisms that build buy-side relationships and facilitate interbank trading across a full range of trading strategies for all market conditions. Providers deliver over 200 liquidity pricing streams to their clients and counterparties through multiple channels, including collaborative trading and cross currency netting, request for quote, continuous streaming rates, as well as anonymous ECN and midpoint matching venues. The recent upgrade to FXall Trading, which brings together bank liquidity and anonymous ECN trading in a single integrated platform, is one such initiative that supports FXall's growing position as the trading platform of choice for both sourcing and distributing liquidity.
Phil Weisberg, CEO at FXall commented: "The addition of these five highly regarded banks to our pool of providers is a considerable milestone for FXall as we continue to grow the already significant depth of liquidity on our platforms. Banks value the benefits FXall brings to the market as an independent provider that enables them to strengthen relationships with all their clients and counterparties by collaborating across a broad range of platforms tailored to their unique requirements. While we’re often recognized for our workflow control and compliance best practices, we're pleased that both new and existing clients value our enhanced liquidity, unique proposition and ongoing investments that give each client sector the edge they need to succeed in today's market."
About FXall
FXall gives institutional clients an edge in foreign exchange trading as the leading independent electronic platform. We deliver the expertise, resources and commitment of a neutral platform with the broadest suite of FX trading solutions that combine execution tools with end-to-end workflow management and straight through processing. Our flexible tool set delivers the right execution strategies and liquidity in all market conditions for over 800 institutions globally. FXall's offices in New York, Boston, London, Tokyo, Singapore and Sydney serve the needs of active traders, asset managers, corporate treasurers, banks, broker-dealers and prime brokers.
For more information on FXall, visit www.fxall.com.
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For further information, please contact:
FXall
Telephone: +44 20 7173 9600
info@fxall.com
Nick Bone
Penrose Financial
Telephone: +44 20 7786 4878
Mobile: +44 7909 521293
nickb@penrose.co.uk
Alex Clelland
Penrose Financial
Telephone: +44 20 7786 4866
Mobile: +44 7841 293952
alexc@penrose.co.uk
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