Fxall Integrates 11 More Of Its 55 Liquidity Providers
FXall, the bank-owned portal for online foreign exchange trading, has announced that ANZ, Bank of New Zealand, Barclays Capital, Brown Brothers Harriman, Danske Bank, ING Financial Markets, Jyske Bank, Merrill Lynch, National Australia Bank, Nordea and SEB Merchant Banking have all integrated with FXall as liquidity providers. FXall’s integration to the automated price making capability of its providers enable clients to receive a price from FXall within three seconds 90 percent of the time, the firm said. It was also announced that FXall now has more than 200 corporations and asset managers signed for trading. The majority of these customers are already executing live trades on the portal. Following today’s announcement, FXall has integrated 34 of its 55 liquidity providers – providing customers with a single point of access to all of their major dealing relationships. Collectively, FXall’s 34 integrated liquidity providers account for more than 80 percent of all foreign exchange traded according to Euromoney’s 2002 rankings.