Liquidity aggregation system TraderTools Inc. has added native ruble liquidity to its Unique Liquidity Network, which provides a single liquidity pool in emerging and local market currencies from both non-bank and regional bank market makers.
The Russian currency’s liquidity will be added to other emerging markets liquidity available from a network of local market making banks. Market makers on TraderTools network have a strong presence in emerging and local market currencies such as the Turkish lira, the South African rand, the Scandinavian kroner, Eastern European currencies, and the Russian ruble.
Market makers can stream prices on the TraderTools Unique Liquidity Network by licensing the company’s technology or integrating via their own API, which is available to banks, brokers and the buy side.
ACY Securities’ Sponsorship of Australian Turf Club off to a Flying StartGo to article >>
For liquidity takers, the company says that it is not looking to change its platforms which integrate a single API into its existing platform, because it allows it to aggregate the best of local bank and non-bank liquidity from the Unique Liquidity Network.
As regulation continues to shape market participants’ decisions, the fully disclosed and true relationship pricing offered by TraderTools is attracting more and more customers to access better liquidity, with better pricing.
Commenting in the press release, Yaacov Heidingsfeld, CEO of TraderTools, said: “TraderTools is leveraging relationships built over the last few years, by bringing natural market makers to a wider audience, distributed through the network of TraderTools customers. The combination of Local Bank and non-bank liquidity ensures best execution, with reduced market impact.”
“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, benefits both sides of the transaction,” Heidingsfeld added.