Spotex, and liquidity solutions, announced this Monday that leading forex prime brokers J.P. Morgan and NatWest Markets are now providing access to Spotex’s institutional ECN.
Today’s announcement comes at a time when the FX liquidity provider is expanding its presence in the institutional forex market, with its introduction of new disclosed direct market access (DMA) liquidity pools. The company is also working on other initiatives to increase its ECN participation.
Source: LinkedIn
Spotex aims to increase ECN participation
Spotex’s ECN is built on low-latency architecture and allows continuous 24/5 trading with no end-of-day shutdowns. The network also uses performance-based matching logic designed to improve fill ratios and response times.
The technology developed by the company supports both its institutional ECN, as well as bespoke disclosed DMA liquidity pools. As , the company updated its offering with customisable liquidity. The item enables brokers to deliver to their customers a solution where every liquidity provider can be enabled or disabled depending on the individual preferences of the clients.
JP Morgan continues to expand FX footprint
J.P. Morgan, which is one of the leading FX prime brokers in the world, has also been . Recently, the firm revealed that it is preparing to deploy a new FX trading and pricing engine in Singapore. The company is planning to expand its presence in Asia, as the race for the region’s top financial centre continues.
The new hub has the support of the Monetary Authority of Singapore (MAS), the local regulator, and is designed to speed up trade execution speeds for the company’s clients in the area.
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