FastMatch Offers Algorithms and TCA
(Thomson Reuters ONE) -
NEW YORK, Dec. 06, 2016 (GLOBE NEWSWIRE) -- FastMatch, Inc., a financial
technology company focusing on foreign exchange trading, announced today that
its proprietary algorithmic and transaction cost analysis (TCA) services are
available to all subscribers.
The FX market has seen a significant rise in the use of algorithmic execution.
FastMatch has been offering algorithmic trading to asset managers via its
AgencyFX product for the past 18 months to satisfy this increasing demand.
FastMatch is now announcing that its algorithmic and TCA products and services
are available to all subscribers. Clients using FastMatch algorithms will
receive automated TCA reports upon completion of their orders showing the
algorithmic execution performance versus arrival price, FastMatch midpoint and
other benchmarks. FastMatch midpoint is calculated by the platform every
millisecond and transparently published to all market data consumers allowing
them to independently verify FastMatch TCA reports.
"Asset managers have been successfully using FastMatch's algorithms for over a
year and a half. Now FastMatch will offer these algos to everyone," said Dmitri
Galinov, CEO of FastMatch, Inc. "There are two significant differentiators of
FastMatch algorithms versus other providers. First, FastMatch operates an ECN
where liquidity for algorithmic execution is customized to provide minimum
spreads and minimum market impact. Second, FastMatch algorithms rely on
proprietary patent-pending flexible matching logic for execution. Flexible
matching is a sophisticated order routing system that prioritizes liquidity
providers based on their price, historical fill rates, response times and market
impact for every trade."
ABOUT FASTMATCH
FastMatch is a financial technology company focusing on foreign exchange
trading. FastMatch develops and operates trading platforms concentrating on
both the sell-side and buy-side market segments.
FastMatch operates a highly successful Electronic Communication Network offering
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 that gives
FastMatch an incredible speed advantage and has the capability of handling
thousands of clients simultaneously. Clients include retail brokers,
institutions, asset managers, banks, hedge funds, and proprietary trading firms.
AgencyFX is a buy-side focused product, providing a safe, reliable way to trade
with institutional and retail FX clients. Liquidity is enhanced with algorithmic
trading technology to minimize information leakage, and lower execution costs.
AgencyFX allows users to demonstrate to investors that their execution choice is
in line with industry best-practice.
Contact:
Paul Ainsworth
paul.ainsworth(at)fastmatchfx.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FastMatch via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 06.12.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 511169
Anzahl Zeichen: 3587
contact information:
Town:
New York, NY
Kategorie:
Business News
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"FastMatch Offers Algorithms and TCA"
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