TradAir, a forex software solutions provider, said on Tuesday it has partnered with FastMatch, an institutional forex electronic communication network (ECN), to reach more professional bank and institutional ‘clicker’ traders. FastMatch has already started accepting clients to the eFX platform.
By clicker traders, the ECN refers to those traders clicking on screens, and leveraging a broad range of trading styles and workflows.
“We have started on-boarding clients to the new platform, enabling them to trade on our deep liquidity, and posting both manual and algo orders directly on our order books,” said FastMatch CEO Dmitri Galinov.
As part of the partnership, FastMatch will gain access to TradAir’s end-to-end forex trading platform eFX, trading analytics engine, fully customizable HTML5 UI with support for manual and algorithmic trading, as well as comprehensive admin suite, supporting user and organization on-boarding, with granular permissioning of trading functionality, workflows and display components.
“We identified a significant opportunity to increase our volumes by providing liquidity to the professional ‘clicker’ traders in the market,” Galinov said. “After reviewing available platforms, we selected TradAir as our trading technology partner. They provide a truly market-leading, cloud based FX trading platform, with sophisticated trading analytics, and fully featured and highly customizable professional HTML5 trading UI,” he added.
eFX is a cloud-based trading platform used by regional and local banks and brokers alike.
TradAir, heqdquartered in the UK with offices in New York and Tel Aviv. Its product portfolio includes front office optimization and end-to-end trading infrastructure solutions, such ass engine for creation and distribution of prices, trading analytics, sales manager, white label platform.
US-based FastMatch has data centers in New York, London, and Tokyo. It provides retail brokers, institutions, banks, hedge funds, and proprietary trading firms access to large pools of diversified liquidity, using technology based on the Credit Suisse Crossfinder matching engine.