FXone Joins Forces with CitiFX, Providing Liquidity Via Its Algo Trading Platform

FXone – Seabury Financial Solutions has announced a new partnership with 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 CitiFX TradeStream in an effort to foster algorithmic trading capabilities and maximize liquidity for institutional firms and traders, according to an FXone statement.

FXone provides several options for algorithmic trading platforms to a variety of institutional firms and bank. Despite an already robust offering of 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, FXone has been steadfastly integrating new liquidity partnerships given the rampant demand in recent months – the firm was also granted FIX certification exactly a year ago as well.

Liquidity Partnership Targets Mid-Sized Institutional Firms

As the newest liquidity partner to FXone, CitiFX Tradestream specializes in FX liquidity solutions for mid-sized firms and customers, expanding the overall exposure to a number of key institutional players. According to Rosario M. Ingargiola, CEO at FXone in a statement on the partnership, “We are very pleased to announce our partnership with Citi and that we have successfully completed FIX certification for accessing CitiFX TradeStream liquidity directly through FXone. Our clients will benefit greatly from access to Citi’s one-stop margin FX trading solution.”

Moreover, “FXone is an excellent complement to our focus on serving systematic trading clients. It doesn’t make sense for these traders to spend valuable time and resources building their own integration with liquidity sources before deploying algorithmic trading strategies. With this turnkey offering, FXone and CitiFX Tradestream significantly reduce the time and cost required to start trading,” added Alex Knight, Head of Citi’s FX Margin Trading.

Following last year's FIX approval, FXone now provides a variety of trading solutions and low latency market access. Given that so much of the company’s business is on the institutional side, the move makes sense on a number of levels. Indeed, “In addition to delivering the easiest automated trading strategy development environment integrated with CitiFX TradeStream’s liquidity, we also extend CitiFX TradeStream’s FIX API capabilities by providing stop order types within the FXone Server, our ultra-low latency EMS, which are not natively supported. The partnership leverages the respective strengths of both offerings to deliver maximum value for clients,” Ingargiola reiterated.