MarketPrizm sets out new FX offering
Market data and trading infrastructure provider MarketPrizm
has launched a new trading service for FX, called PrizmFx, promising to
simplify client access to trading platforms by providing a single connection
for price discovery and execution.
The new service gives users ultra-low latency connectivity
and co-location hosting services to major FX trading platforms and single bank
solutions. Clients can be co-located next to the matching engines in New York,
London and Singapore to access these platforms locally and can also use
MarketPrizm’s infrastructure, PrizmNet, from any one of MarketPrizm’s exchange
locations in Europe and Asia.
Comprised of some 30 electronic communications networks and
bank liquidity pools, the FX market is fragmented. This provides a great
opportunity for a liquidity re-aggregation platform, according to MarketPrizm.
“The world of FX trading is changing rapidly with continued
growth in electronic and algorithmic trading volumes, the opening up of the
market to new entrants, and further regulatory initiatives,” said Tanuja
Randery, CEO, MarketPrizm. “We believe that the industry is now at a point in
its development where PrizmFx can make a real difference.”