TraderTools Connects with MarkitSERV for Post-Trade STP to Enhance its LightFX™ SaaS Deployments

TraderTools, which delivers the world’s most advanced FX trading platforms, announced today that it has connected to MarkitSERV, one of the most widely-used electronic processing services for OTC transactions, for FX STP integration.

The agreement connects TraderTool’s LightFX next-generation hosted FX trading service to TradeSTP, MarkitSERV’s award-winning FX processing environment which connects more than 100 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 (LPs) – including banks, brokers, exchanges and electronic crossing networks – with other end destinations for real-time post-trade notification (Notices of Execution). By integrating post-trade messaging flows within TradeSTP, LightFX customers gain effective access to FX market participants already supported by MarkitSERV for post-trade FX STP.

Yaacov Heidingsfeld, Chief Executive Officer at TraderTools, said: “A major impediment to deploying the most advanced FX trading technologies is often the need for IT intervention on the customer side. That’s why our LightFX Software-as-a-Service (SaaS) solution now supports full integration with the world’s leading STP providers, like MarkitSERV. LightFX-MarkitSERV customers can usually be up and running in a matter of days.”

Keith Tippell, Director and Co-Head of FX at MarkitSERV, said: “Our collaboration with TraderTools facilitates efficient delivery of full straight-through processing to all LightFX customers. By connecting TraderTools’ LightFX hosted FX trading service to MarkitSERV’s award-winning TradeSTP platform, our respective clients benefit from fully integrated FX trade processing and enhanced overall trading efficiency.”