BidFX Adds ICBC Standard Bank as Liquidity Provider

BidFX, a Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based provider of FX trading solutions, welcomes global markets banking specialist ICBC Standard as the newest 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 provider on the FX EMS, the firm announced today.

ICBC Standard Bank Plc is a global markets banking specialist offering Commodities and Fixed Income, Currencies and Equities (FICE) products with a focus on emerging markets and commodities.

Headquartered in London, ICBC Standard Bank Plc has offices in Hong Kong, Shanghai, Singapore, and New York.

On 1 February 2015, Industrial and Commercial Bank of China Limited (ICBC) acquired a controlling stake in Standard Bank's London-based Global Markets business, including Standard Bank Plc and other international operations. Standard Bank Plc was renamed ICBC Standard Bank Plc to incorporate its new shareholding structure.

The union of ICBC and Standard Bank creates a banking platform to serve the growing demands of Chinese clients for global commodities, fixed income, currency, and equities products while furthermore continuing as a distribution platform for African risk due to Standard's South African roots.

EM liquidity has become a must - BidFX

"As the latest BIS survey on FX indicates, currencies of emerging market economies (EMEs) are gaining market share, reaching 25% of overall global turnover. To that extent, it has become increasingly evident that partnering with the BidFX team to distribute our emerging market liquidity.ectronic provision of EM liquidity, both deliverable and non-deliverable (NDF), has become a must," BidFX's Head of EMEA Sales, Roger Lee, said.

"With that in mind, having the addition of a 'frontiers pairs' FX specialist such as ICBC Standard will be valued by the BidFX client base. We therefore welcome ICBC Standard as the latest provider on BidFX," he added.

"We look forward to BidFX is a natural partner in the space given its client base. Its strategy fits well with our regional focus on Africa & Frontier Asia markets, in which we have a substantial network due to our unique shareholding structure. ICBC Standard Bank is able to offer competitive and complementary products where most major banks are not active," Simon Goldberg, Director Corporate & Banks Sales at ICBC Standard Bank Plc, said.