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

TraderToolsLogoTraderTools, 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 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.

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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.”

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