NEW YORK, September 9 /PRNewswire/ --
- TraderTools' customers can now access, and execute on, liquidity from FXMarketSpace, the FX trading platform established by Thomson Reuters and CME Group
TraderTools LLC (TraderTools), a provider of business solutions, software and services to financial institutions trading FX, announced today that its Liquidity Management Platform (LMP) now includes access to liquidity from FXMarketSpace, the first centrally-cleared global FX trading platform for the over the counter market. FXMarketSpace liquidity can be viewed together with the full depth of market offered in the TraderTools' LMP. In addition, trades can be executed automatically against this liquidity based on smart order routing rules.
Mark Robson, Chief Executive Officer, FXMarketSpace said: "One of our primary goals is to connect to a large and diverse group of customers. Being supported by TraderTools' Liquidity Management Platform allows us to extend our global coverage."
"The connectivity to FXMarketSpace expands the impressive list of liquidity providers already connected to our Liquidity Management Platform," added Mark Mayerfeld, Executive VP, International Sales at TraderTools. "Because our LMP is "liquidity-neutral", we continue to integrate with leading liquidity providers based on customer demand."
About FXMarketSpace
FXMarketSpace, a 50/50 joint venture between Thomson Reuters (NYSE: TRI; TSX: TRI; LSE: TRIL; Nasdaq: TRIN), and CME Group (NYSE: CME; Nasdaq: CME), is the first centrally-cleared, global, over the counter foreign exchange (FX) marketplace.
FXMarketSpace is the first FX platform involving the entire spectrum of market participants including global and regional banks, asset managers, corporations, hedge funds and other market makers. The platform utilises CME Group's central counterparty model and clearing function, with access via Thomson Reuters premium FX desktop services and CME Group's API. The result is a platform that is uniquely positioned to reduce risk, provide deep liquidity, support anonymity and price discovery, while cutting costs and increasing efficiencies for inter-dealer and institutional FX transactions. For more information on FXMarketSpace, please visit www.fxmarketspace.com.
About TraderTools
TraderTools(TM) LLC is a provider of business solutions, software and services to financial institutions trading FX. TraderTools' Liquidity Management Platform(TM) is the only system to integrate the four disciplines of electronic FX trading: pricing, dealing, order management and execution. Our unique Dynamic Liquidity Manager(TM) monitors and controls inward and outward liquidity flows, making pricing and execution decisions in real time. We empower banks to maintain their leadership positions in FX with a single deployment and a single point of contact. And we work together with them to activate functionality according to their business strategy and timetable. Learn why the world's financial services giants are using TraderTools to better manage their liquidity and optimize their FX trading operations, by visiting www.tradertools.com or emailing us at sales@tradertools.com.
TraderTools, Liquidity Management Platform, Dynamic Liquidity Manager and the tagline "The eFXperts" are trademarks of TraderTools LLC.
Web site: http://www.tradertools.com http://www.fxmarketspace.com
FXMarketSpace Media, Jake Smith, +44-20-7796-7169, jake.smith@fxmarketspace.com; or TraderTools, Sales, Mark Mayerfeld, EVP, International Sales, +1-212-333-3770 Ext. 229, mark@tradertools.com; or Media, Ian Tick, Director, Marketing, +972-9-740-8880, ian@tradertools.com
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