Sucden Financial Joins TrueFX Clearing Member Network
- Sucden Financial and TrueFX partner to provide access for buy-side FX market participants
TrueFX, a purpose-built OTC market designed for the buy-side, today announced that Sucden Financial, a global multi-asset execution, clearing and 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, has joined as a TrueFX Clearing Member (TCM) to support their clients access liquidity on the network.
TrueFX is a spot trading facility delivered by Integral technology, cleared by Jefferies FX Prime Brokerage.
Launched earlier this year, the TCM network allows buy-side firms of all sizes to directly access liquidity on TrueFX from leading Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term without an intermediary.
Clients of TrueFX have the option to clear through Jefferies FXPB, the central credit counterparty for TrueFX, or open an account with a TCM and gain access.
Servicing more segments of the buy-side community
“We are pleased to be joining the TrueFX network as a clearing member and offer our clients access to this service with valuable connectivity to the marketplace. TrueFX is an exciting development for the FX market and we are proud to demonstrate our commitment to this initiative,” Wayne Roworth, co-head of eFX at Sucden Financial, said.
“Having Sucden Financial join the TrueFX Clearing Member network greatly enhances the offering available to clients and allows TrueFX to service many more segments of the buy-side community,” said Harpal Sandhu, CEO of Integral and technology provider for TrueFX.
“The addition of Sucden Financial to the network is further testament to the network’s compelling value proposition and we are thrilled to have them on board as a clearing member,” he added.
TrueFX allows for unlimited small tickets and includes connectivity, aggregation and MT4/MT5 bridging technology free-of-charge.
TrueFX, a purpose-built OTC market designed for the buy-side, today announced that Sucden Financial, a global multi-asset execution, clearing and 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, has joined as a TrueFX Clearing Member (TCM) to support their clients access liquidity on the network.
TrueFX is a spot trading facility delivered by Integral technology, cleared by Jefferies FX Prime Brokerage.
Launched earlier this year, the TCM network allows buy-side firms of all sizes to directly access liquidity on TrueFX from leading Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term without an intermediary.
Clients of TrueFX have the option to clear through Jefferies FXPB, the central credit counterparty for TrueFX, or open an account with a TCM and gain access.
Servicing more segments of the buy-side community
“We are pleased to be joining the TrueFX network as a clearing member and offer our clients access to this service with valuable connectivity to the marketplace. TrueFX is an exciting development for the FX market and we are proud to demonstrate our commitment to this initiative,” Wayne Roworth, co-head of eFX at Sucden Financial, said.
“Having Sucden Financial join the TrueFX Clearing Member network greatly enhances the offering available to clients and allows TrueFX to service many more segments of the buy-side community,” said Harpal Sandhu, CEO of Integral and technology provider for TrueFX.
“The addition of Sucden Financial to the network is further testament to the network’s compelling value proposition and we are thrilled to have them on board as a clearing member,” he added.
TrueFX allows for unlimited small tickets and includes connectivity, aggregation and MT4/MT5 bridging technology free-of-charge.