Largest Peruvian Bank Taps Edgewater Markets' for Pricing Technology
- The bank will utilize the recently launched EdgeFXLatam.
The bank is leveraging EdgeFXLatam, which the company launched earlier this year, to receive a customized solution for its internal users, onshore clients, and global offshore market participants.
EdgeFXLatam is designed to offer streamed price technology for local participants in Latin America.
“We are delighted to partner with Edgewater Markets. The customized solution they have delivered has been a real game changer for us,” BCP’s Head of Sales & Trading, Fernando Pinglo said. “Providing a fully automated implementation of our proprietary pricing strategies, has allowed our traders and risk managers to optimize trade flows and further expand our distribution.”
A Localized Pricing Technology
The press release shared with Finance Magnates detailed that Edgewater Markets has electrified the bank’s pricing algorithms and hedging strategies, thus expanding their distribution to offshore counterparties.
Additionally, the bank partner will provide traders with a suite of price and risk tools to further augment the price strategies.
Edgewater Markets is offering foreign exchange services to over 300 institutional clients. Apart from Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term, the company included precious metals in its offerings. The company is aggressively expanding its industry reach and last month partnered with oneZero to provide liquidity.
“Effectively pricing the NDF marketplace is as much about technology as it is about credit. And Edgewater Markets provides both. Significantly expanding our clients distribution capabilities offshore,” Jose-Antonio Buenaño, Edgewater’s Managing Director and Head of South America, said.
“Fully partnering with Banco de Crédito del Perú, allows them to cost effectively leverage both our proprietary technology and balance sheet, to make the global markets more efficient. We are very excited to partner with BCP.”
The bank is leveraging EdgeFXLatam, which the company launched earlier this year, to receive a customized solution for its internal users, onshore clients, and global offshore market participants.
EdgeFXLatam is designed to offer streamed price technology for local participants in Latin America.
“We are delighted to partner with Edgewater Markets. The customized solution they have delivered has been a real game changer for us,” BCP’s Head of Sales & Trading, Fernando Pinglo said. “Providing a fully automated implementation of our proprietary pricing strategies, has allowed our traders and risk managers to optimize trade flows and further expand our distribution.”
A Localized Pricing Technology
The press release shared with Finance Magnates detailed that Edgewater Markets has electrified the bank’s pricing algorithms and hedging strategies, thus expanding their distribution to offshore counterparties.
Additionally, the bank partner will provide traders with a suite of price and risk tools to further augment the price strategies.
Edgewater Markets is offering foreign exchange services to over 300 institutional clients. Apart from Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term, the company included precious metals in its offerings. The company is aggressively expanding its industry reach and last month partnered with oneZero to provide liquidity.
“Effectively pricing the NDF marketplace is as much about technology as it is about credit. And Edgewater Markets provides both. Significantly expanding our clients distribution capabilities offshore,” Jose-Antonio Buenaño, Edgewater’s Managing Director and Head of South America, said.
“Fully partnering with Banco de Crédito del Perú, allows them to cost effectively leverage both our proprietary technology and balance sheet, to make the global markets more efficient. We are very excited to partner with BCP.”