FastMatch Launches Versatile AgencyFX Execution Service
- FX technology company FastMatch has initiated its AgencyFX service, extending a new brand of transparency-focused savings and execution services towards large institutional money managers.
FX technology company FastMatch has initiated its AgencyFX service, extending a new brand of transparency-focused savings and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services towards large institutional money managers.
FastMatch recently achieved a record high in trading volumes earlier this month, which subsequently saw activity decline rapidly as a result of the platform's connection to FXCM – a broker whose meteoric rise in the aftermath of certain collapse has been well-documented.
FastMatch has already enlisted Credit Suisse as its first sponsoring clearing bank, ensuring client-wide access to its network that is compatible with Credit Suisse's AES suite of products.
In particular, FastMatch’s AgencyFX caters to buy-side clients, whose suite of 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 trading tools target a vast array of execution services. These include, according to a FastMatch statement:
Peer-to-Peer Trading: AgencyFX's peer and retail continuous mid-point matching engine, provides a platform for institutions to trade safely and reliably with each other, eliminating the need for a market maker to price their trades.
Algorithmic Trading: The unique peer and retail liquidity is augmented by algorithmic trading strategies designed exclusively for AgencyFX by Pragma Trading, an independent quantitative trading technology provider of specialized multi-asset algorithmic services.
Anonymous Aggregated Liquidity: Anonymously access FastMatch's deep and tight liquidity to save transaction costs.
SafeMatchTM Auction: SafeMatch auctions are open to the buy and sell-side, providing a transparent, dealable point in time crossing auction, with the option for auction imbalances to be executed at a predefined public commission. SafeMatch will launch by the end of Q1 2015.
According to Paul Buckley, Head of AgencyFX Product at FastMatch, in a recent statement on the launch, "We are excited to create a new, broker neutral product for the buy-side clients. The AgencyFX product will aim to significantly improve execution quality and transparency for the buy-side community in the FX market."
FX technology company FastMatch has initiated its AgencyFX service, extending a new brand of transparency-focused savings and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services towards large institutional money managers.
FastMatch recently achieved a record high in trading volumes earlier this month, which subsequently saw activity decline rapidly as a result of the platform's connection to FXCM – a broker whose meteoric rise in the aftermath of certain collapse has been well-documented.
FastMatch has already enlisted Credit Suisse as its first sponsoring clearing bank, ensuring client-wide access to its network that is compatible with Credit Suisse's AES suite of products.
In particular, FastMatch’s AgencyFX caters to buy-side clients, whose suite of 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 trading tools target a vast array of execution services. These include, according to a FastMatch statement:
Peer-to-Peer Trading: AgencyFX's peer and retail continuous mid-point matching engine, provides a platform for institutions to trade safely and reliably with each other, eliminating the need for a market maker to price their trades.
Algorithmic Trading: The unique peer and retail liquidity is augmented by algorithmic trading strategies designed exclusively for AgencyFX by Pragma Trading, an independent quantitative trading technology provider of specialized multi-asset algorithmic services.
Anonymous Aggregated Liquidity: Anonymously access FastMatch's deep and tight liquidity to save transaction costs.
SafeMatchTM Auction: SafeMatch auctions are open to the buy and sell-side, providing a transparent, dealable point in time crossing auction, with the option for auction imbalances to be executed at a predefined public commission. SafeMatch will launch by the end of Q1 2015.
According to Paul Buckley, Head of AgencyFX Product at FastMatch, in a recent statement on the launch, "We are excited to create a new, broker neutral product for the buy-side clients. The AgencyFX product will aim to significantly improve execution quality and transparency for the buy-side community in the FX market."