FastMatch Executes First Disclosed Trade on Its Global FX Platform
(Thomson Reuters ONE) -
Citadel Securities Joins as First Liquidity Provider
EW YORK, Oct. 13, 2015 (GLOBE NEWSWIRE) -- FastMatch, a leading financial
technology company focusing on foreign exchange trading, today announced that it
has executed the first fully disclosed trade between counterparties over its
platform. The trade was executed between Citadel Securities, a leading market
maker in FX, Rates, Equities, and other products, and a global tier 1 bank.
Disclosed trading allows liquidity providers to provide customized pricing to
best suit each client's specific needs. Last month FastMatch announced that it
would offer fully disclosed trading at a cost of only $1 per million USD
notional per side.
"We had a tremendous positive response from clients and liquidity providers to
our new, global, low cost, fully disclosed trading offering," said Dmitri
Galinov, CEO of FastMatch. "Citadel Securities - one of the largest market
makers in the world - going live on the new offering only two weeks after its
launch with many more firms in the pipeline is a strong recognition of the
increasing demand in the market for disclosed trading."
Jamil Nazarali, Head of Citadel Execution Services said, "We're excited to
partner with FastMatch to provide disclosed liquidity to clients. Disclosed
trading allows us to customize our FX solutions based on an
individual customer's needs in order to provide them with the best level of
service."
ABOUT FASTMATCH:
FastMatch is a financial technology company focusing on foreign exchange
trading. FastMatch develops and operates trading platforms focusing on both the
sell-side and buy-side market segments.
FastMatch operates a highly successful sell-side Electronic Communication
Network that strives to offer its customers access to large pools of diversified
liquidity at unparalleled speed with complete transparency in the optimal
location. The FastMatch ECN is based on the state of the art technology. This
market tested technology gives FastMatch an incredible speed advantage and has
the capability of handling thousands of clients simultaneously. Clients include
retail brokers, institutions, banks, hedge funds, and proprietary trading firms.
FastMatch, Inc.
55 Water Street, 50th Floor,
New York, NY 10041
Phone: 1-212-201-7319
Fax: 1-646-607-3240
Email: support(at)fastmatchfx.com
or
Media Inquiries
jklein(at)fxcm.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: FastMatch via GlobeNewswire
[HUG#1958401]
Unternehmensinformation / Kurzprofil:
Datum: 13.10.2015 - 14:00 Uhr
Sprache: Deutsch
News-ID 426518
Anzahl Zeichen: 3196
contact information:
Town:
New York, NY
Kategorie:
Business News
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