Alior Brokerage House, the foreign exchange trading arm of the Polish Alior Bank, said on Wednesday that it has chosen technology provider TradAir to improve its execution in local and global currency trading.
In a statement, the Polish broker said it had set out to look for a solution that would allow it to accommodate its existing business while expanding operations, increase trading revenue, and satisfy regulatory requirements.
“We were looking for an additional solution for our eFX service which would provide an improved execution at a friendliest cost,” said Grzegorz Femiak, Trading Platform Expert at Alior Bank.
How Synthesis Bank Brings the Benefits of Investment Banking to BlockchainGo to article >>
“With direct market liquidity feeds, TradAir efficiently integrated to our internal systems and helped us implement the right solution, which is active since February 2019.”
A spokesperson for TradAir told Finance Magnates that the company has connected Alior to a number of direct liquidity providers. Following implementation, the broker’s client’s orders are executed via a TradAir platform at a perfect fill ratio.
“We have truly enjoyed working with Alior Bank throughout the implementation process,” said Ayal Jedeikin, TradAir’s chief executive officer.
“We now look forward to being an instrumental part of Alior’s growth and believe TradAir’s hosted solution with its highly flexible and customizable pricing and execution will be a key driver to success.”