Seabury Financial Solutions LLC which is the global investment bank, advisory and IT software group that acquired FX liquidity management…
Seabury Financial Solutions LLC which is the global investment bank, advisory and IT software group that acquired FX liquidity management solutions provider FXone in 2013 has announced that FXone has entered into a joint product offering with FX ECN Spotex.
According to Seabury Financial Solutons, the intention is to leverage FXone’s established global distribution footprint and the price aggregation and matching capabilities provided by Spotex to expand the companies’ institutional client base while continuing to service the retail brokerage and white label business.
Under the agreement, Spotex will integrate FXone’s enterprise software applications GUI and Order Management System (OMS) into their market place while FXone will have access to Spotex’s liquidity and execution capability for FX and precious metals, including Asset Manager, Trade Copier and IB management modules.
In a corporate statement, Margaret L. Chan, CEO of FXone said:
“We’re very excited to be working with Spotex to deliver an end-to-end FX trading and white label solution combined with an execution capability that spans the globe. Our companies’ offering will benefit Buy & Sell Side clients and retail brokers looking for better liquidity and a sophisticated white label product with a functional GUI with programmable interface and very flexible order types.”
Ritesh Agrawal, CEO of Spotex added
“Together FXone and Spotex offer a complete end-to-end solution for clients looking to use spreadsheet trading functionality and execute flexible order types on a central limit order book with world-class liquidity.”
Photograph: Downtown Manhattan. Copyright Andrew Saks-McLeod#america, #institutional fx, #liquidity, #liquidity management, #spotex