Citadel Securities Joins FastMatch, Executes First Disclosed Trade
- Disclosed trading allows liquidity providers to provide customized pricing to best suit each client’s specific needs.
FastMatch today announced that it has executed the first fully disclosed trade between counterparties over its platform. The trade was executed between an undisclosed global tier one bank and its first 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 that joined - Citadel Securities, one of the largest market makers in the U.S for options, FX, rates, equities, and other instruments.
Disclosed trading allows Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term to provide customized pricing to best suit each client’s specific needs. In September, FastMatch announced that it would offer fully disclosed trading at a cost of only $1 per million USD notional per side. With this move FastMatch joined other electronic trading platforms, such as EBS, which have introduced disclosed trading to operate alongside their legacy ECNs.
“We had a tremendous positive response from clients and liquidity providers to our new, global, low cost, fully disclosed trading offering”, said Dmitri Galinov, CEO of FastMatch. “Citadel Securities – one of the largest market makers in the world – going live on the new offering only two weeks after its launch with many more firms in the pipeline is a strong recognition of the increasing demand in the market for disclosed trading”.
Jamil Nazarali, Head of Citadel Execution Services, said: "We're excited to partner with FastMatch to provide disclosed liquidity to clients. Disclosed trading allows us to customize our FX solutions based on an individual customer's needs in order to provide them with the best level of service".
FastMatch today announced that it has executed the first fully disclosed trade between counterparties over its platform. The trade was executed between an undisclosed global tier one bank and its first 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 that joined - Citadel Securities, one of the largest market makers in the U.S for options, FX, rates, equities, and other instruments.
Disclosed trading allows Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term to provide customized pricing to best suit each client’s specific needs. In September, FastMatch announced that it would offer fully disclosed trading at a cost of only $1 per million USD notional per side. With this move FastMatch joined other electronic trading platforms, such as EBS, which have introduced disclosed trading to operate alongside their legacy ECNs.
“We had a tremendous positive response from clients and liquidity providers to our new, global, low cost, fully disclosed trading offering”, said Dmitri Galinov, CEO of FastMatch. “Citadel Securities – one of the largest market makers in the world – going live on the new offering only two weeks after its launch with many more firms in the pipeline is a strong recognition of the increasing demand in the market for disclosed trading”.
Jamil Nazarali, Head of Citadel Execution Services, said: "We're excited to partner with FastMatch to provide disclosed liquidity to clients. Disclosed trading allows us to customize our FX solutions based on an individual customer's needs in order to provide them with the best level of service".