Quod Financial, a provider of adaptive trading technology, has announced the launch of a foreign exchange trading and liquidity management platform serving regional banks and asset managers.
Quod Financial’s Adaptive FX (AFX) trading platform leverages MarketFactory’s low-latency aggregation and connectivity to over 70 currency markets. AFX provides all the tools essential for navigating a complex and highly fragmented FX world in one single solution.
Full-Stack eFX Solution
It is important that regional banks and asset managers can manage the rapid technology changes in FX trading. In an asset class where fees are expressed in the spread, the main objective is to manage spreads while still maintaining profitability.
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AFX addresses the needs for different classes of users, providing benchmarks, transaction cost analysis, and best of class execution strategies to allow regional banks and asset managers to build and adapt trading strategies according to their specific workflows.
Ali Pichvai, CEO of Quod Financial said: “MarketFactory’s FX feed handlers contain years of venue-specific IP that ensures our algos always see the best market data. Their flexible model will allow our clients to add and subtract any liquidity provider in London, Tokyo and New York, speeding time-to-market.”
Real-Time Algorithmic Pricing
For institutions providing custom pools of liquidity to clients, the solution provides real-time algorithmic pricing and internal liquidity management. In addition, system wide data can be collected and reused for Quod’s new generation of artificial intelligence trading algorithms.
Darren Jer, COO of MarketFactory, added: “We’re excited to power Quod Financial’s full-stack eFX solution to better serve customers with diverse needs. Quod’s product is the result of years of R&D from many asset classes and will empower trading desks with the most modern tools to capture greater pricing and execution profit.”
Finance Magnates last reported on Quod Financial earlier this year after the company teamed up with SR Labs to provide end users with an improved low-latency solution in the field of algorithmic trading and smart order routing.