TraderTools Adds Erste Group Bank to its Liquidity Network
- Erste Group will help market a number of Eastern European currency pairs for TraderTools.
TraderTools Inc., a foreign exchange 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 developer, has added Erste Group Bank AG as its latest market-making bank on the group’s Unique 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 Network (ULN), according to a company statement.
TraderTools’ ULN helps provide a single liquidity pool in emerging and local market currencies from both non-bank and regional bank market makers. Presently, participating banks on the ULN possess a robust presence in both emerging market (EM) and local market currencies in the Central European region, as well as the Turkish lira, South African rand, Nordic currencies, and Russian ruble.
The addition of Erste Group to TraderTools’ ULN is important as it helps extend access to a fast growing region in Europe. For its part, Erste Group is one of the largest banks in Central and Eastern Europe – the group will be making markets in CE3 pairs, as well as Romanian, Czech, Hungarian, and Polish currency pairs.
According to Yaacov Heidingsfeld, co-founder and President of TraderTools, in a recent statement on the addition: “As best execution and TCA continue to be a focus in our marketplace, increased transparency, and depth of book, by participants who are quoting for business they want to win, we believe our ULN benefits both sides of the transaction. Erste is a valuable partner and we look forward to continuing to build upon our relationship.”
TraderTools Inc., a foreign exchange 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 developer, has added Erste Group Bank AG as its latest market-making bank on the group’s Unique 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 Network (ULN), according to a company statement.
TraderTools’ ULN helps provide a single liquidity pool in emerging and local market currencies from both non-bank and regional bank market makers. Presently, participating banks on the ULN possess a robust presence in both emerging market (EM) and local market currencies in the Central European region, as well as the Turkish lira, South African rand, Nordic currencies, and Russian ruble.
The addition of Erste Group to TraderTools’ ULN is important as it helps extend access to a fast growing region in Europe. For its part, Erste Group is one of the largest banks in Central and Eastern Europe – the group will be making markets in CE3 pairs, as well as Romanian, Czech, Hungarian, and Polish currency pairs.
According to Yaacov Heidingsfeld, co-founder and President of TraderTools, in a recent statement on the addition: “As best execution and TCA continue to be a focus in our marketplace, increased transparency, and depth of book, by participants who are quoting for business they want to win, we believe our ULN benefits both sides of the transaction. Erste is a valuable partner and we look forward to continuing to build upon our relationship.”