Redline Partners with Dmitri Galinov’s 24 Exchange
- Redline is providing the exchange with its InRush Ticker Plant and Order Execution Gateway.
Redline Trading Solutions, a provider of market data and execution systems for automated trading, announced this Tuesday that it is supporting 24 Exchange, a new foreign exchange (forex) derivatives exchange, with its InRush Ticker Plant and Order Execution Gateway for its FX clients.
As Finance Magnates reported, 24 Exchange was established by the founder of FastMatch, Dmitri Galinov, one of the leading technology pioneers in electronic foreign exchange trading.
The new derivatives exchange, which was launched towards the end of last year, initially plans to start with Non-Deliverable Forwards (NDFs) and move into other products. The initial focus is on minimizing interest charges, while using an anonymous solution and making the margin costs much smaller, which is key for the NDF market.
Dmitri Galinov, founder and CEO of 24 Exchange
In an interview with Finance Magnates, Galinov explained the motivation behind his latest venture: “24 Exchange is here to solve the problem exchange members have with rising costs of market data, clearing, and margin. Banks, hedge funds, all exchange members should be able to access the market at a price which is considerably below current rates.”
NDFs are becoming increasingly important
Commenting on the partnership between Redline Trading Solutions and 24 Exchange, Mark Skalabrin, CEO of Redline, said in a statement: “Non-Deliverable Forwards (NDFs) are becoming an increasingly important part of the FX trading landscape. We are excited to provide our FX customers with the innovative NDF offering from 24 Exchange as part of our award-winning FX 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.”
Adding to this, Dmitri Galinov, CEO and founder of 24 Exchange, continued in today’s statement: “We are thrilled to become a market data and routing destination on the robust and growing Redline Trading Solutions Network. Our mutual clients will benefit from trading Non-Deliverable Forwards with both greater transparency and enhanced 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.”
Redline Trading Solutions, a provider of market data and execution systems for automated trading, announced this Tuesday that it is supporting 24 Exchange, a new foreign exchange (forex) derivatives exchange, with its InRush Ticker Plant and Order Execution Gateway for its FX clients.
As Finance Magnates reported, 24 Exchange was established by the founder of FastMatch, Dmitri Galinov, one of the leading technology pioneers in electronic foreign exchange trading.
The new derivatives exchange, which was launched towards the end of last year, initially plans to start with Non-Deliverable Forwards (NDFs) and move into other products. The initial focus is on minimizing interest charges, while using an anonymous solution and making the margin costs much smaller, which is key for the NDF market.
Dmitri Galinov, founder and CEO of 24 Exchange
In an interview with Finance Magnates, Galinov explained the motivation behind his latest venture: “24 Exchange is here to solve the problem exchange members have with rising costs of market data, clearing, and margin. Banks, hedge funds, all exchange members should be able to access the market at a price which is considerably below current rates.”
NDFs are becoming increasingly important
Commenting on the partnership between Redline Trading Solutions and 24 Exchange, Mark Skalabrin, CEO of Redline, said in a statement: “Non-Deliverable Forwards (NDFs) are becoming an increasingly important part of the FX trading landscape. We are excited to provide our FX customers with the innovative NDF offering from 24 Exchange as part of our award-winning FX 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.”
Adding to this, Dmitri Galinov, CEO and founder of 24 Exchange, continued in today’s statement: “We are thrilled to become a market data and routing destination on the robust and growing Redline Trading Solutions Network. Our mutual clients will benefit from trading Non-Deliverable Forwards with both greater transparency and enhanced 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.”