BTIG, a global financial services firm specializing in institutional trading and related brokerage services, announced today that it has expanded its foreign exchange offering with the launch of TradeSave FX, the firm’s new electronic FX trading platform.
Complementing BTIG’s high-touch FX capabilities, TradeSave FX offers institutional investors direct access to competitive multi-dealer spot FX prices as well as order matching and liquidity aggregation around the clock.
As an institutional electronic platform for foreign exchange, TradeSave FX is an offering for more sophisticated low-touch execution clients. The platform provides anonymous execution of spot currency pairs and contingency orders, including stops and limits, and supports client-to-client trading.
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“TradeSave FX builds upon BTIG’s FX expertise and offers direct electronic access to the growing spot marketplace. With its innovative technology and 24-hour client support, the platform delivers the same level of vast FX liquidity and anonymity available to our high-touch trading clients. Executing via TradeSave FX, clients are streamlining their executions and maximizing the performance of their FX transactions,” said Alan Circle, co-head of foreign exchange at BTIG.
While TradeSave FX delivers the electronic FX execution capabilities, BTIG says its “full service FX trading desk” specializes in agency execution 24 hours a day for FX options, emerging market currencies, spot, forwards and swaps.
“Increasingly, traders are utilizing electronic trading platforms to automate their access to the spot markets. Adding TradeSave FX to BTIG’s suite of products is an example of the firm’s commitment to offering a diverse set of advanced FX trading tools and technologies for our client base,” said Anton LeRoy, head of fixed income, Currencies and Commodities at BTIG. “With a new way to serve our FX clients, BTIG is transforming our client experience,” he added.