MOEX Partners with Integral to Access Global FX Liquidity
- By joining forces with Integral and MOEX both firms will have access to each other’s FX liquidity.
The Moscow Exchange (MOEX), Russia’s largest exchange group, announced this Tuesday that it has begun collaborating with Integral Development Corp., a technology provider for the foreign exchange (forex) market.
By joining forces with Integral, MOEX will be able to deliver access to global forex 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 to its customers. On the other hand, Integral will also be able to offer its own customers liquidity from MOEX.
Igor Marich
Source: Moscow Exchange
Commenting on the partnership, Igor Marich, Managing Director of the Money and Derivatives Markets at Moscow Exchange, said: "our cooperation with Integral will facilitate access to global FX liquidity for MOEX’s clients, allowing them to keep our regular infrastructure interfaces, benefits and comfort of the central counterparty service as well as low costs.
We are confident that the cutting-edge IT solutions offered by Integral will bring additional liquidity for our existing and future customers."
MOEX to become a price provider to the Integral network
Integral is one of the leading providers of trading and 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 solutions to forex market participants. The firm’s goal is to improve execution across the forex industry. To achieve this, in 2015, Integral launched its Open Currency Exchange (OCX), aimed at improving liquidity levels by aggregating direct, indirect and resting order liquidity into one central exchange.
Initially, the platform launched with a monthly subscription cost of $275. However, in 2017 this fee was lowered to $2.75 per million to accommodate the trading volume of each user, rather than imposing an even charge to clients of all sizes.
Harpal Sandhu
Source: LinkedIn
Speaking on the Harpal Sandhu, CEO of Integral, said: "we’re thrilled to partner with MOEX. They are the dominant exchange in the Russian FX market, and by using the Integral platform, they will be able to offer the best aggregation and deepest liquidity to their clients. MOEX will also become a price provider to the Integral network, thereby further enriching the liquidity in OCX."
The Moscow Exchange (MOEX), Russia’s largest exchange group, announced this Tuesday that it has begun collaborating with Integral Development Corp., a technology provider for the foreign exchange (forex) market.
By joining forces with Integral, MOEX will be able to deliver access to global forex 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 to its customers. On the other hand, Integral will also be able to offer its own customers liquidity from MOEX.
Igor Marich
Source: Moscow Exchange
Commenting on the partnership, Igor Marich, Managing Director of the Money and Derivatives Markets at Moscow Exchange, said: "our cooperation with Integral will facilitate access to global FX liquidity for MOEX’s clients, allowing them to keep our regular infrastructure interfaces, benefits and comfort of the central counterparty service as well as low costs.
We are confident that the cutting-edge IT solutions offered by Integral will bring additional liquidity for our existing and future customers."
MOEX to become a price provider to the Integral network
Integral is one of the leading providers of trading and 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 solutions to forex market participants. The firm’s goal is to improve execution across the forex industry. To achieve this, in 2015, Integral launched its Open Currency Exchange (OCX), aimed at improving liquidity levels by aggregating direct, indirect and resting order liquidity into one central exchange.
Initially, the platform launched with a monthly subscription cost of $275. However, in 2017 this fee was lowered to $2.75 per million to accommodate the trading volume of each user, rather than imposing an even charge to clients of all sizes.
Harpal Sandhu
Source: LinkedIn
Speaking on the Harpal Sandhu, CEO of Integral, said: "we’re thrilled to partner with MOEX. They are the dominant exchange in the Russian FX market, and by using the Integral platform, they will be able to offer the best aggregation and deepest liquidity to their clients. MOEX will also become a price provider to the Integral network, thereby further enriching the liquidity in OCX."