Nomura Partners with BidFX, Makes Tsuwamono FX Algos Available

BidFX, a Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term and provider of electronic foreign exchange (forex) trading solutions, announced this Thursday that it has partnered with Nomura, a large global investment bank.

Under the agreement, Nomura has made its five forex algorithmic strategies, collectively known as the Tsuwamono Series, available on the BidFX Execution Management System (EMs) platform. Therefore, users of the platform can now access the trading strategies.

According to the statement published by BidFX, each of Nomura’s FX Algo strategies offer a range of flexibility on executions, which are suited to clients differing requirements and trading preferences.

Commenting on the partnership, Ian Daniels, Nomura Head of eFX Distribution EMEA & Americas, said: “Nomura’s FX algorithms provide substantial benefits to clients, with high levels of trading flexibility. We’re pleased that clients can now find our algorithms on BidFX.”

BidFX sees increased interest in Algo trading

In recent months, BidFX, which is a subsidiary of TradingScreen, has been ramping up its offering by collaborating with a number of financial firms. Earlier this month, as Finance Magnates reported, RBC Capital Markets added its Algo suite to the company’s EMS platform.

The partnership was a result of BidFX expanding into the institutional buy-side. During this expansion, the company has seen an increased interest in Algo trading, which also explains its collaboration with Nomura.

In September, Jump Liquidity also teamed up with the firm, by becoming a Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider on its EMS platform. The motivation for Jump Liquidity to join BidFX was to maintain its status as one of the largest market makers in FX central limit order books and ECNs.

Speaking on the collaboration, Roger Lee, BidFX Head of EMEA Sales, added: “BidFX has had a long standing relationship with Nomura and it’s exciting to see Nomura extending their integration with BidFX through the addition of their five FX algorithmic strategies."

“This reflects the tight relationship that our firms share on a global basis and will benefit our existing mutual institutional FX clients with whom we are both engaged.”