FlexTrade Systems and LSEG have partnered to deliver FlexTRADER EMS clients access to FXall, LSEG’s electronic trading platform for global currency products. The move is designed to support regulated FX flows and further enhance the capabilities of FlexFX as part of FlexTrade’s buy-side multi-asset trading platform.
LSEG’s FXall business delivers “dealer to client” trading and FX workflow solutions, delivering access to liquidity from more than 200 bank and non-bank market makers. FXall is licensed globally, with teams in place to ensure the solution meets the existing and incoming legal and regulatory requirements of the markets it operates within.
Speaking to BEST EXECUTION, Uday Chebrolu, senior vice president and head of FlexFX at FlexTrade, said: “Our goal is to continue developing and delivering a comprehensive FX solution for our clients and prospective clients. By partnering with FXall, we can further enrich our client’s access to regulated FX flows and extend our regional coverage and liquidity options for clients. By seamlessly integrating FXall with FlexFX, our clients can access FXall’s execution services via a single interface and technology approach to FX execution. Whether we offer a standalone FX EMS or an integrated multi-asset solution encompassing FX, fixed income, equities, futures, and options, we are committed to ensuring our clients have the functionality they need. An important note is that FlexFX and FXall will continue to be offered independently, with the optional new partnership solution offered where applicable.”
The partnership between LSEG and FlexTrade will enable new mutual clients access to FXall execution services from within the FlexFX EMS. Through the delivery of the customisable FlexFX front end, clients trading FX will be able to access FXall’s extensive global liquidity network, including support for spots, forwards, swaps, NDFs and options, which can be executed on FXall’s regulated environments such as MTF and SEF. Further, FXall’s liquidity can be combined with FlexTrade’s liquidity and automation capabilities, including FlexAlgoWheel, to streamline low-touch FX orders.
FlexTrade and LSEG will offer the option of an integrated solution to new mutual clients while continuing to offer independent FX solutions via FlexFX EMS and FXall, respectively.
Jill Sigelbaum, head of strategic development and partnerships, FX, at LSEG said: “We are delighted to join forces with FlexTrade to provide clients with an enhanced multi-asset offering. Our priority at LSEG is to understand our clients’ FX needs and meet them where they want to trade. By combining FlexTrade’s customizable interface with FXall’s world-class, regulated liquidity pools, the offering provides the strongest end-to-end solution in the market today.”
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