Commerzbank Adds 5 FX Algo Strategies on BidFX
- BidFX is partnering with major banking players to expand its industry reach.
German lender, Commerzbank AG has partnered with BidFX, a provider of forex trading solutions for institutions, to make the bank’s five FX algorithmic strategies available on BidFX’s platform.
Tuesday’s announcement detailed that the German bank’s clients can now directly access its FX algorithms on BidFX.
Commenting on the development, Nickolas Congdon, Head of eTrading services at Commerzbank, said: “Commerzbank welcomes the opportunity to increase our electronic distribution of our FX orders service on BidFX. This allows us to continue to provide advanced technology, unique 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 and analytics to our mutual clients.”
Expanding into the Institutional FX Market
Founded in 2017, BidFX is expanding aggressively to capture the institutional FX market and now has offices in different locations around the world including London, New York, Singapore, Sydney and Milan.
Owned by the Singapore Exchange (SGX), BidFX offers an array of services within the FX trading industry. The company has partnered with several trading providers, including Global Prime, State Street and Nomura, and enhanced its Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term with the latest data and analytics suite.
In addition, the company launched its flagship desktop forex trading application on OpenFin, an operating system for the financial industry, last September.
“It’s exciting to see the continued growth of our global relationship with Commerzbank via the integration of their algo suite, which is largely being driven by our asset management clientele,” said Rory Sheen, Head of DACH Sales at BidFX.
“As buy-side market participants continue to increase their usage of FX algos to source the best liquidity and execute efficiently for their end investors, Commerzbank’s algo strategies are a welcome addition to the BidFX algo hub.”
German lender, Commerzbank AG has partnered with BidFX, a provider of forex trading solutions for institutions, to make the bank’s five FX algorithmic strategies available on BidFX’s platform.
Tuesday’s announcement detailed that the German bank’s clients can now directly access its FX algorithms on BidFX.
Commenting on the development, Nickolas Congdon, Head of eTrading services at Commerzbank, said: “Commerzbank welcomes the opportunity to increase our electronic distribution of our FX orders service on BidFX. This allows us to continue to provide advanced technology, unique 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 and analytics to our mutual clients.”
Expanding into the Institutional FX Market
Founded in 2017, BidFX is expanding aggressively to capture the institutional FX market and now has offices in different locations around the world including London, New York, Singapore, Sydney and Milan.
Owned by the Singapore Exchange (SGX), BidFX offers an array of services within the FX trading industry. The company has partnered with several trading providers, including Global Prime, State Street and Nomura, and enhanced its Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term with the latest data and analytics suite.
In addition, the company launched its flagship desktop forex trading application on OpenFin, an operating system for the financial industry, last September.
“It’s exciting to see the continued growth of our global relationship with Commerzbank via the integration of their algo suite, which is largely being driven by our asset management clientele,” said Rory Sheen, Head of DACH Sales at BidFX.
“As buy-side market participants continue to increase their usage of FX algos to source the best liquidity and execute efficiently for their end investors, Commerzbank’s algo strategies are a welcome addition to the BidFX algo hub.”