FastMatch Releases Spot FX and Metals Daily Institutional Trading Volumes for the First Time
- For the first time ever, anyone can see all trades executed via the FastMatch platform on a ticker tape such as that of stocks. In the FX spot industry this is something that has not existed for the general public.
FastMatch, an ECN matching system for Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading whose ownership includes FXCM (NYSE: FXCM), Credit Suisse and BNY Mellon, has just announced the launch of a new web site for the service, fastmatch.com, publishing daily trading volume in real-time.
The new FastMatch website introduces “the tape” to the FX spot and metals markets, a real time stock ticker tape styled feature. For the first time ever, anyone can see all trades executed on the FastMatch platform. While the concept of “the tape” is standard in other asset classes such as equities and futures, in the FX spot industry this is something that has not existed for the general public.
Dmitri Galinov, CEO, FastMatch
“FastMatch is increasing the transparency level of the FX market to be on par with other asset classes,” said Dmitri Galinov, CEO of FastMatch. “This is something we know our clients want and something we believe the institutional FX space needs.”
FastMatch currently runs three independent matching engines globally in New York (NY4,) London (LD4) and Tokyo (TY3.) Each matching engine acts as separate ECNs and will emit their own market data, trades and midpoint values.
FastMatch’s matching system offers customers a diverse pool of 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 with low latency and transparency. Most of FastMatch volumes are generated by the global Tier 1 banks, which are connected to each matching engine separately.
The new website will also provide insight to the top currency pairs by region with total volume associated to each pair. The previous FastMatch site is still active at fastmatchfx.com. The company did not disclose the cost of the new domain at this time.
[gallery columns="2" ids="67826,67825"]
FastMatch, an ECN matching system for Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading whose ownership includes FXCM (NYSE: FXCM), Credit Suisse and BNY Mellon, has just announced the launch of a new web site for the service, fastmatch.com, publishing daily trading volume in real-time.
The new FastMatch website introduces “the tape” to the FX spot and metals markets, a real time stock ticker tape styled feature. For the first time ever, anyone can see all trades executed on the FastMatch platform. While the concept of “the tape” is standard in other asset classes such as equities and futures, in the FX spot industry this is something that has not existed for the general public.
Dmitri Galinov, CEO, FastMatch
“FastMatch is increasing the transparency level of the FX market to be on par with other asset classes,” said Dmitri Galinov, CEO of FastMatch. “This is something we know our clients want and something we believe the institutional FX space needs.”
FastMatch currently runs three independent matching engines globally in New York (NY4,) London (LD4) and Tokyo (TY3.) Each matching engine acts as separate ECNs and will emit their own market data, trades and midpoint values.
FastMatch’s matching system offers customers a diverse pool of 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 with low latency and transparency. Most of FastMatch volumes are generated by the global Tier 1 banks, which are connected to each matching engine separately.
The new website will also provide insight to the top currency pairs by region with total volume associated to each pair. The previous FastMatch site is still active at fastmatchfx.com. The company did not disclose the cost of the new domain at this time.
[gallery columns="2" ids="67826,67825"]