Sucden Financial announced today that it has become a Principal on the BierbaumPro trading platform, branded as NTpro in Russia. This partnership will allow the liquidity provider to expand its electronic foreign exchange (eFX) reach.
In particular, the deal between Sucden Financial, a global multi-asset execution, clearing and liquidity provider and NTpro will allow Sucden to expand its eFX reach in Europe and CIS countries.
Under the agreement, Sucden will provide the clients of BierbaumPro/NTPro with low latency access to its customisable liquidity streams. The integration was made possible via servers in LD4 and a new dedication connection to DSP data centre in Moscow.
Commenting on the partnership, Aleksei Suturin, Sucden Financial’s Moscow representative said in the statement: “Our new BierbaumPro/NTPro integration allows us to grow our presence in the CIS and Europe, providing low latency streaming within a single eco-system. The new high-speed connection will also help us develop additional credit intermediation opportunities with institutional clients, both locally and internationally.”
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Sucden Financial Expands Institutional FX Offering
Sucden, which focuses on forex, fixed income and commodities, has been actively expanding its institutional forex offering. As Finance Magnates reported towards the beginning of the year, the company joined Cobalt’s post-trade technology network for its forex business. The London-based company selected Cobalt’s technology as part of its mission to continuously update and improve upon its FX offering.
“We are delighted to be working with Sucden Financial, one of the world’s leading and most innovative FX providers,” added Vyacheslav Kashigin, CEO NTPro in the statement published today.
“As a result of our cooperation, Sucden Financial will be able to offer technically advanced, efficient low latency trading services to its clients in the CIS and EU countries.”
Based in London, Sucden also has an office in Moscow and subsidiaries in Hong Kong and New York.