Alpari who were gearing for this launch in the past months have finally announced the release of what they call the QuantumFX platform, which in essence is a fancy name for Currenex platform. Alpari are heavily investing in becoming a more institutional type of player and have recently hired a few hotshots from the industry who are expected to lead this effort. Daniel Skowronski, the current CEO of Alpari US, used to be a managing director of Currenex, Mark Davison the Global Head of Institutional Sales held similar role at FXCM and Musheg Tovmasyan is the new global head of sales joined the company after a stint at Divisa Group. This team, which without any doubt is extremely costly to maintain, will now need to convince market players that Alpari is more than just another retail forex broker but is also a liquidity provider with both great prime brokerage pricing and technology. If this effort succeeds we should expect a bulk of PRs by various market players announcing Alpari as a liquidity provider in the coming months.
QuantumFX, a next-generation foreign exchange (“Forex”, “FX”) trading platform which powers the evolution of institutional Forex, has been launched today by the Alpari group of companies, a global provider of online trading services. QuantumFX will provide corporations, hedge funds, banks and high frequency trading institutions with access to a diverse and deep liquidity pool.
QuantumFX features anonymous trading via a central clearing counter-party model with multiple execution mechanisms: Executable Streaming Prices (ESP™); Request for Quote (RFQ)/Request for Stream (RFS) for spot, forwards and swaps. It also supports multiple order types and execution algorithms that help minimize market impact.
Daniel Skowronski, Chief Executive Officer of Alpari (US), says: “QuantumFX is an optimal liquidity solution, providing access to a completely anonymous trading environment. We have developed this online platform as a result of our in-depth market research into institutional investor behaviour and requirements. Now banks, corporations and other investors can enjoy unlimited access to our state-of-the-art Forex trading platform QuantumFX.”
QuantumFX leverages the sophisticated infrastructure of Currenex® to provide diverse access to high performance trading technology. It comes with integrated third-party access and reporting capabilities.
Mark Davison recently joined Alpari (UK) as Global Head of Institutional Sales. He says, “Forex trading is a fast-moving business which is driven by knowledge and technology. The team here at Alpari excels in both. We understand that institutional investors are under pressure to perform, whatever the market environment. Having the right tools and services at hand is essential and that is why we developed QuantumFX.”
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Jermaine Harmon, Head of Alpari (US) Institutional Sales for the Americas, adds: “As with all Alpari products and services, QuantumFX is a platform clients can trust. It incorporates the very latest trading technology, making it an advanced execution tool on which institutions can rely and which enables clients to execute against a unique liquidity pool. Our customers benefit from the QuantumFX team’s extensive FX experience and the platform’s truly global reach.”
Founded in 1998, the Alpari group of companies is one of the world’s fastest growing providers of online foreign exchange (“FOREX”, “FX”) trading services, with offices in ten countries. Locations include London, New York, Shanghai, Dubai, Moscow, Mumbai and Frankfurt, serving more than 150 countries. With over 400 employees worldwide, more than 330,000 customer accounts and monthly Forex trading volumes in excess of $147 billion,* the Alpari group of companies is one of the market leaders in Forex.
Alpari (US) was established in 2006. The company is based on Wall Street, in the financial district of New York City, where it is dually registered by the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer and has been a member of the National Futures Association (NFA) since 2007, member ID: 0379678.
Alpari (UK) has global headquarters located in the heart of the City of London. Alpari (UK) is an award winning FX broker with offices in Germany, China, and India. Alpari (UK) Limited is authorised and regulated by the Financial Services Authority. FSA Register number 448002. Company No. 05284142.
QUANTUM FX is available only to Eligible Contract Participants (ECPs) as defined in Section 1a(12) of the Commodity Exchange Act.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. *May 2010