Seabury Financial Solutions LLC (FXone), a subsidiary of Seabury Group LLC and a provider of FX liquidity management solutions, has launched a partnership with FX ECN, Spotex, according to a Seabury statement.
The two entities will join forces to undergo a joint product offering – the offering will cater to both buy and sell-side participants in the foreign exchange (FX) realm. Furthermore, the joint offering will help FXone and Spotex optimize their respective aggregation and matching capabilities, whilst expanding the companies’ overall client base.
More specifically, Spotex will assimilate FXone’s enterprise software applications, including GUI and Order Management System (OMS) into its existing market place. At the same time, FXone will also garner access to Spotex’s liquidity pool and execution capabilities across several asset classes, including FX and precious metals, among others.
According to FXone Chief Executive Officer (CEO) Margaret L. Chan, in a recent statement on the offering: “We’re very excited to be working with Spotex to deliver an end-to-end FX trading and white label solution combined with an execution capability that spans the globe.”
“Our companies’ offering will benefit Buy & Sell Side clients and retail brokers looking for better liquidity and a sophisticated white label product with a functional GUI with programmable interface and very flexible order types,” she added.
“Together FXone and Spotex offer a complete end-to-end solution for clients looking to use spreadsheet trading functionality and execute flexible order types on a central limit order book with world-class liquidity,” noted Ritesh Agrawal, Spotex Chief Executive Officer.