Itiviti Launches Trading Solution for FX Markets

The solution has been designed to be compliant with recent regulatory changes, including MiFID II.

Itiviti, an international provider of multi-asset trading technology and financial infrastructure, announced the launch of its trading solution for the foreign exchange (FX) markets this week – Itiviti FX.

The trading solution is built upon app-based architecture and has been designed to be compliant with the recent regulatory requirements, including MiFID II. According to the statement, the solution offers cross-asset trading functionality, including algorithmic trading.

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It also allows traders to mix liquidity from multiple sources with its liquidity aggregation service. The solution also comes connected with a number of FX liquidity providers and platforms. This includes FIX, ITCH, OUCH and other binary feeds.

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Jens Persson, Itiviti
Jens Persson
Source: LinkedIn

Commenting on the launch, Jens Persson, Senior Product Manager at Itiviti said: “when defining and developing Itiviti FX, we have recognized the client needs for a fully featured yet easily deployed FX trading solution. It offers packaged functionality which covers a broad range of use cases, while the logic is also extendable to meet specific client requirements, by means of custom algorithms, integration and consolidation of trading technology.”

SEB on-boards Itiviti FX

Already, SEB (Skandinaviska Enskilda Banken AB), a leading Nordic financial services group, has implemented the solution for the firm’s global eFX business. In particular, it has on-boarded the trading software to handle market-making in FX, automation and for risk management of customer order flow.

Svante Hedin, SEB
Svante Hedin
Source: LinkedIn

Speaking on the solution, Svante Hedin, Co-Head of Trading, SEB Markets added: “we are implementing Itiviti FX in multiple phases to consolidate trading systems and technology resources. This will result in significant value from synergies and improved ability to respond to market and client demands.”

“We will be able to apply the same skill set and technology experience for all electronically traded asset classes and to streamline workflows. The solution also brings business benefits, most notably a faster time to market when adding proprietary functionality and trading venue coverage. We also rely on Itiviti’s platform for our algorithm development, implementing strategies for market-making, risk management and execution. The platform will become a cornerstone in our future algo trading strategy.”

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