Trading solutions provider Aegisoft has connected its AthenaFX real-time foreign exchange (FX) market aggregation and algorithmic trading platform to some of the world’s largest financial institutions. AthenaFX users can now access FX liquidity from a range of banks, including Barclays, J.P. Morgan Chase, Citigroup, Deutsche Bank, HSBC, Morgan Stanley and UBS.
According to Aegisoft, banks are an important source of FX liquidity as they trade in dozens of currencies and hundreds of pairs up to two or three years forward.
“In today’s rapidly moving and fragmented FX market, traders need a fast and easy way to access multiple liquidity venues in order to establish the right price and depth,” said Norm Friedman, vice president of Aegisoft, in a statement. “Our customers gain a holistic view of the market – either aggregated or by venue, price or quantity breakpoint – enabling them to deploy FX trading strategies that span liquidity pools and quickly capitalise on real-time market opportunities.”
Justyn Trenner, CEO and principal of research and advisory firm ClientKnowledge, added, “Professional users are placing increased importance on technology that delivers a single point of access to market liquidity, combined with a common trading record.
By delivering efficiency gains, this technology enables users to retain more trading value,”
AthenaFX provides a variety of functions that allow users, which include banks, brokers and buy-side institutions, to access the entire FX marketplace. Features include customisable trading strategies and stealth algorithms that arbitrage across multiple venues.