Itiviti Launches Trading Solution for FX Markets

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.

It also allows traders to mix 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 from multiple sources with its Liquidity Aggregation Liquidity Aggregation Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Read this Term service. The solution also comes connected with a number of FX liquidity providers and platforms. This includes FIX, ITCH, OUCH and other binary feeds.

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.

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."