TraderTools Inc. has launched its own sovereign liquidity network, which helps aggregate a consolidated pool of liquidity for a number of market makers in the local and emerging markets (EM) space, according to a TraderTools statement.
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The initiative helps satiate a widening liquidity gap in the industry, with TraderTools looking to target trading realms that are slightly off the normally beaten path – this will include concessions to traders in Turkey, South Africa, Northern Europe, and market participants utilizing the Russian ruble. The new liquidity network will also provide capabilities to non-bank and regional bank market makers.
TraderTools’ newly launched liquidity network is important as it helps regional banking entities leverage liquidity without investing in balance sheets or additional headcount via a SaaS basis. Moreover, for liquidity takers, TraderTools will also be offering modular API access to its unique liquidity network, which will look to assimilate with third party technology – the API is available to banks, brokers and the buy side.
According to Yaacov Heidingsfeld, CEO of TraderTools, in a recent statement on the launch: “Through our unique liquidity network, TraderTools is leveraging relationships we have built over the last few years, bringing natural market makers to a wider audience. As best execution and TCA continue to be a focus, increased transparency and depth of book benefits both sides of the transaction while reducing market impact.”