Charles River has integrated its OEMS with FX HedgePool in a bid to address market inefficiencies and improve pricing through the provision of streamlined access to FX swap liquidity.
Charles River’s OEMS, which provides integrated data, FIX connectivity, and trade analytics, has now integrated FX HedgePool into its partner ecosystem to offer managers and traders streamlined access to FX swap liquidity.
Historically, the FX markets have been beset by inefficiencies that affect performance and increase costs. FX HedgePool, a matching platform for the mid-market execution of FX swaps, aims to unbundle liquidity from credit, allowing passive hedgers to provide liquidity to each other, while leveraging existing counterparty relationships for credit provision.
Charles River clients will now benefit from FX HedgePool’s ability to directly source of liquidity among peers, helping them to lower trading costs, reduce operational demands, and eliminate market impact.
“Partnering with Charles River helps us bring the novel benefits of FX HedgePool to traders in a familiar workflow environment,” said Michael Buchsbaum, head of integration at FX HedgePool. “Traders can now access consistent and reliable peer-to-peer liquidity while benefiting from rich STP processing, freeing time to focus on higher-value goals.”
The collaboration, which hopes to improve pricing and operational efficiency for OEMS users as well as reducing operational overhead and risk, is a cornerstone of Charles River’s third party collaboration strategy.
“FX HedgePool’s integration with Charles River will provide our OEMS clients access to unique peer-to-peer FX liquidity and help improve execution quality,” said Priyank Bhushan, product manager of FX trading at Charles River Development.
“Collaboration with FX HedgePool helps foster innovation in the FX markets and is a significant addition to our ever-growing partner ecosystem.”
