Reactive Markets announces 15 top tier LPs on its Crypto and FX liquidity backbone

Rick Steves

Reactive Markets has announced it is now connected to 15 top tier FX Liquidity Providers (LPs), including 8 of the top 10 Euromoney FX LPs.

The cross-asset trading and price streaming network, which launched institutional crypto and FX liquidity backbone Switchboard, allows LPs to efficiently distribute prices to large numbers of clients.

Clients can use the open and transparent liquidity network for Crypto and FX to trade on a fully disclosed basis with their relationship LPs at no cost, connecting via a single high performance API or front end trader desktop.

Improving their execution quality and driving down costs

Phil Morris, CEO of Reactive Markets, said: “As FX trading firms look to improve their execution quality and drive down costs, we have seen significant interest from clients wanting to use the Switchboard network to trade on a fully disclosed basis, directly with all of the leading Liquidity Providers at zero cost. Client demand has already exceeded expectations, and with the leading FX and Crypto Liquidity Providers now connected our network continues to grow strongly, with a significant number of clients using Switchboard to trade both asset classes.”

“Liquidity Providers are very supportive, as they benefit from low cost price distribution using our high performance infrastructure”, Morris added.

It was in September 2021 that Reactive Markets announced the launch of Crypto trading, supported by five of the leading institutional Crypto LPs: Cumberland DRW, Flow Traders, Galaxy Digital, Genesis Trading and Wintermute.

Also in 2021, IS Prime, part of ISAM Capital Markets, launched a new trading GUI and risk system with Reactive Markets, particularly aimed at its growing client base of FX hedge funds and asset managers.

The partnership with Reactive Markets combines features of IS Prime’s back office portal, Terminus, and gives clients a more streamlined trading experience. Clients can view and manage their risk in a single place, whether using IS Prime’s desktop or mobile app.

Formed in 2019, Reactive Markets is an innovative trading technology company that specialises in ultra-low latency price streaming for FX and Digital markets. Reactive Markets has built a cutting edge streaming network that helps banks, brokers and market makers scale with efficient liquidity distribution over API and UI.

Trading desks can access all of their FX and cryptocurrency liquidity through a single API and a secure, globally accessible, cloud-hosted trader desktop.

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