FastMatch Offers Free Brokerage to Clients That Provide Liquidity via Orders
- After FXCM took a blow from the SNB crisis, FastMatch is apparently trying to increase the volumes of non-bank market makers on the platform by making it cheaper for them to be liquidity providers.
Forex Magnates has learned that FastMatch, the FX Electronic Communication Network ECN partially owned by FXCM Inc. (NYSE:FXCM), will be sending an email to clients today (Monday, March 2nd) about an upcoming policy change for 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 providers.
FastMatch will be announcing that effective April 1st, 2015 they will be changing their fee schedule and offering free brokerage service to clients that provide liquidity on the platform via orders rather than using quotes (last look).
FXCM, which owns slightly below 40% of the ECN and was an early investor in the firm, took a blow from the SNB crisis that some feared might have caused the platform's volumes to subside. Now FastMatch is apparently trying to increase the volumes of non-bank market makers on the platform by making it more affordable for them to be Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term.
Dmitri Galinov, CEO, FastMatch
"To show deep commitment to lowering clients costs and improving the market structure of the FX market, FastMatch will keep the new free pricing in place at least through the end of 2015," comments Dmitri Galinov CEO of FastMatch in the email to clients.
"FastMatch is now cheaper and faster than competing Interbank ECN platforms to execute your limit orders, and we are looking forward for clients to take advantage of this incredible offer to build a better interbank market," he added.
As part of its plans to repay Leucadia, FXCM announced to shareholders that it would be looking to sell non-core assets. Among those, the firm’s institutional divisions as well as its stake in FastMatch were being talked about in the industry as possible assets the firm can decrease its position in to raise funds.
FastMatch Daily Volumes
Forex Magnates has learned that FastMatch, the FX Electronic Communication Network ECN partially owned by FXCM Inc. (NYSE:FXCM), will be sending an email to clients today (Monday, March 2nd) about an upcoming policy change for 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 providers.
FastMatch will be announcing that effective April 1st, 2015 they will be changing their fee schedule and offering free brokerage service to clients that provide liquidity on the platform via orders rather than using quotes (last look).
FXCM, which owns slightly below 40% of the ECN and was an early investor in the firm, took a blow from the SNB crisis that some feared might have caused the platform's volumes to subside. Now FastMatch is apparently trying to increase the volumes of non-bank market makers on the platform by making it more affordable for them to be Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term.
Dmitri Galinov, CEO, FastMatch
"To show deep commitment to lowering clients costs and improving the market structure of the FX market, FastMatch will keep the new free pricing in place at least through the end of 2015," comments Dmitri Galinov CEO of FastMatch in the email to clients.
"FastMatch is now cheaper and faster than competing Interbank ECN platforms to execute your limit orders, and we are looking forward for clients to take advantage of this incredible offer to build a better interbank market," he added.
As part of its plans to repay Leucadia, FXCM announced to shareholders that it would be looking to sell non-core assets. Among those, the firm’s institutional divisions as well as its stake in FastMatch were being talked about in the industry as possible assets the firm can decrease its position in to raise funds.
FastMatch Daily Volumes