Online foreign exchange trading platform FXDD has launched PowerTrader, an institutional execution platform. PowerTrader connects more than 60 global banks and ECN systems into one platform.
The company says in a statement that “PowerTrader provides true interbank pricing with no dealing desk intervention; the live, executable streaming prices come directly from the major liquidity providers.”
Bid/best offer technology aims at tight spreads and full depth of market. “We have seen a huge demand from clients for a transparent, multi-bank solution that is customizable, flexible, and offers multiple order types,” says Tom O’Reilly, SVP of Sales at FXDD.
PowerTrader is an anonymous trading platform.