One of the largest FX hedge funds, FX Concepts, has migrated it’s automated currency market data and execution activity to MarketFactory a leading FX aggregation provider.
MarketFactory’s offering is a single Application Programming Interface (API) that provides access to more than 50 venues and protocols through a single market data and trading API. FX Concepts will enjoy access to top liquidity providing banks and ECNs from across the world as well as low latency, more accurate market data and improved execution.
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Kelly Adams, chief technology officer of FX Concepts, said, “The product fits perfectly into our game plan by connecting proprietary aggregation logic and execution algorithms into a single solution. Furthermore, support and assistance has been second to none – something that is difficult to come by with other vendors.”
James Sinclair, CEO of MarketFactory says “Exceptional execution, enhanced market data and fast time to market were critical success factors for the client. Our team worked closely with FX Concepts to understand their precise requirements and to deliver a solution which dovetails with their FX strategy and tactical delivery.”
MarketFactory’s Darren Jer was a speaker on the Liquidity Panel at the iFXEXPO which took place in Macau.