BidFX Adds SEB as New Liquidity Provider

The firms sees a growing demand for specialised, local liquidity

TradingScreen’s execution management system (EMS) BidFX welcomes Skandinaviska Enskilda Banken AB (SEB) as the newest liquidity provider on its FX platform, the firm announced today.

BidFX provides electronic trading solutions for the global financial market place, addressing challenges of the FX market by introducing a complete suite of negotiation protocols, including Autorouting, Streaming, RFS, Voice, and Algos via cloud-based FX solution incorporating best-execution.

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“The increased interest in our advanced EMS from Nordic financial institutions means greater demand for specialised, local liquidity. Many of our global clients have also requested SEB as a counterparty to provide bespoke liquidity both through streaming rates and RFQ,” says Peter Bondesen, Head of Nordic Sales at BidFX.

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Stockholm-headquartered SEB is a Swedish financial group for corporate customers, institutions, and private clients. Its activities compromise mainly banking services, but the bank also carries out significant life insurance operations. SEB also owns Eurocard.

Enhancing liquidity to BidFX’ institutional clients

“We are excited that becoming a liquidity provider on BidFX is enabling us to extend our reach and both follow existing clients as well as get access to new clients. As the leading liquidity provider in Scandinavian currencies, we want to be able to reach out to a wide variety of clients and offer access to our unique flow franchise,” says SEB’s Head of e-FX distribution, Carolina Trujillo.

“It’s great news to announce SEB is now live on BidFX. With such demand across our range of clients for SEB it will further enhance the liquidity on offer to our institutional clients both in the Nordics and around the world. We look forward to working closely with them, and other liquidity providers, to ensure we keep business as normal as is possible in these tumultuous times,” BidFX CRO, John McGrath, comments.

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