Volume grows on TraderTools Unique Liquidity Network (ULN)
TraderTools reported Q1 2017 volumes in their ULN network at 217% of Q4 2016 volumes. The TraderTools ULN now consists of over 25 unique liquidity providers, making prices in emerging and under-served market currencies such as Turkish Lira, South African Rand, Russian Ruble, Israeli Shekel, the CE-3 currencies, and the Scandinavian currencies. The number of unique takers connected to the ULN increased in Q1 by more than 20%. Increased participation and volume growth is leading to compressed spreads which in turn is generating more interest in the TraderTools ULN.
The TraderTools ULN is integrated via API with most third party technology vendors, and can now be accessed on EBS, 360T, FXall, Fastmatch, LumeFX. Others are planned for Q2 2017. Offering fully disclosed – true relationship pricing, with both full amount and aggregated execution – customers on the TraderTools ULN are accessing better liquidity with better pricing. The API can also be integrated to the trading platform at banks, brokers and buy side firms.
“We are able to provide our customers access to ULN currencies with spreads compressed by 50% or more as compared to prices on other venues. FX has always been and will continue to be a relationship driven industry. Given the increased focus on TCA and best execution, one-to-one relationship pricing is the best way to ensure that liquidity providers are quoting for business they want to win, which ultimately benefits both sides of the transaction.” said Yaacov Heidingsfeld Co- Founder and President, TraderTools.
Over the TraderTools ULN, liquidity providers distribute multiple price streams that reflect a client’s trading strategy and highlight differences between developed currencies and emerging/underserviced currencies. TraderTools dedicated team of FX liquidity managers distribute detailed and transparent analytics to both makers and takers on the ULN. Finally, to help counter-parties bridge credit challenges in the marketplace, TraderTools works with a number of credit solutions including prime brokers and credit intermediaries.
TraderTools delivers one of the industry’s most advanced and innovative FX trading platforms. Banks, Brokerages and the buy-side use TraderTools as the foundation of their FX businesses, for quicker time to market, better execution and higher profit. TraderTools delivers traditional (Bank), alternative (non-bank) and local market liquidity – with true relationship pricing – both price and execution aggregation – in an out-of-the-box SaaS solution.
TraderTools, Unique Liquidity Network, and the tagline “The eFXperts” are trademarks of TraderTools Inc.