FXall adds three banks to its Multibank Options platform
As the FX space continues to adopt electronic execution across derivative instruments, FX Alliance Inc. ("FXall") announced today that Goldman Sachs, J.P. Morgan and Morgan Stanley are now connected to FXall’s Trading platform to provide options pricing for clients to deal electronically with each bank. The company reported previously that BofA Merrill Lynch and Credit Suisse were added, thus bringing the platform’s total to five bank options 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 that are auto-pricing options. The advances in electronic trading of FX options mirror those that occurred in the spot FX technology evolution. The ability to stream FX option prices from internal pricing engines on dealing desks outward via APIs has created the opportunity to develop a robust e-commerce infrastructure for these instruments. This, in turn, leads to the progression from single dealer platforms to multibank platforms that bring a heightened view of price and liquidity discovery to end clients.
From the firm’s press release today Phil Weisberg, CE, in turn at FXall commented, "Following our recent announcement about the launch of FX options trading on FXall, we are extremely pleased by the addition of Goldman Sachs, J.P. Morgan and Morgan Stanley to BofA Merrill Lynch and Credit Suisse. These five banks are at the forefront of electronic options trading and their ability to integrate quickly with our system highlights the quality of their offerings and their dedication to providing options liquidity to clients."
FXall provides a full end-to-end options workflow solution including post-trade functionality for settlement, premium netting and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. FXall supports the trading of European option strategies including Calls, Puts, Straddles, Strangles, Spreads, Collars, Butterflies and Strips. Users can also create custom multi-leg strategies and zero cost strategies. Users can also create custom multi-leg strategies and zero cost strategies. The platform’s option calculator facilitates price discovery by solving for strikes, premiums and notional amounts prior to execution.
As the FX space continues to adopt electronic execution across derivative instruments, FX Alliance Inc. ("FXall") announced today that Goldman Sachs, J.P. Morgan and Morgan Stanley are now connected to FXall’s Trading platform to provide options pricing for clients to deal electronically with each bank. The company reported previously that BofA Merrill Lynch and Credit Suisse were added, thus bringing the platform’s total to five bank options 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 that are auto-pricing options. The advances in electronic trading of FX options mirror those that occurred in the spot FX technology evolution. The ability to stream FX option prices from internal pricing engines on dealing desks outward via APIs has created the opportunity to develop a robust e-commerce infrastructure for these instruments. This, in turn, leads to the progression from single dealer platforms to multibank platforms that bring a heightened view of price and liquidity discovery to end clients.
From the firm’s press release today Phil Weisberg, CE, in turn at FXall commented, "Following our recent announcement about the launch of FX options trading on FXall, we are extremely pleased by the addition of Goldman Sachs, J.P. Morgan and Morgan Stanley to BofA Merrill Lynch and Credit Suisse. These five banks are at the forefront of electronic options trading and their ability to integrate quickly with our system highlights the quality of their offerings and their dedication to providing options liquidity to clients."
FXall provides a full end-to-end options workflow solution including post-trade functionality for settlement, premium netting and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. FXall supports the trading of European option strategies including Calls, Puts, Straddles, Strangles, Spreads, Collars, Butterflies and Strips. Users can also create custom multi-leg strategies and zero cost strategies. Users can also create custom multi-leg strategies and zero cost strategies. The platform’s option calculator facilitates price discovery by solving for strikes, premiums and notional amounts prior to execution.