Russell Investments, a global asset manager and subsidiary of the London Stock Exchange Group, has extended its real-time connectivity solution, RFX Network to Charles River Network Service, according to a recent Russell Investments report.
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RFX Network operates as one of Russell Investments’ flagship trading solutions that caters to the buy-side community. The utility features a number of functionalities, including streaming prices, client-to-client matching, as well as the allocation of foreign exchange (FX) transactions.
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Its fundamental purpose is to aid institutional investors and asset managers in minimizing currency exchange tracking error – this is an important component for users that helps reconcile concerns about the London fix. RFX’s inclusion on the Charles River Network is important as it helps extend its capabilities to a proven electronic trading venue, in essence enriching its presence in the FX investment community.
For its part, Charles River Network supports a number of electronic trading venues and that includes brokers, crossing networks, broker algorithms, program desks, dark pools, smart order routers, ECNs, and ATSs.
According to Joseph Hoffman, Director, Global Head of Currency at Russell Investments, in a recent statement on the support: “Connecting to the secure, reliable Charles River Network is an important milestone for RFX Network. We’re very pleased that Charles River Network participants can now access what we believe to be the next step in the evolution of FX trading for the investment community.”