Traders using the BidFX platform can now access the FX algo suite from Commerzbank directly in latest partnership.
The suite from BidFX allows banks, hedge funds and asset managers to manage client-specific liquidity streams and monitor composite rates across FX products.
Through the partnership, traders will be able to access four State Street FX algorithms via the BidFX platform.
Daniel Chambers joins BidFX as head of data and analytics after seven years with Sequoia Capital Fund Management as head of trading.
The application will support the layout of window-based components that interoperate across a trader’s multiscreen workstation.
After acquiring a 20% stake in BidFX last year, SGX has said it will acquire the remaining 80% stake as part of plans to boost its FX trading business.
Traders working remotely can use the BidFX mobile app to trade and manage spot FX, forwards and NDF positions securely.
China’s ICBC will provide emerging market liquidity on the BidFX execution management system (EMS).
FX EMS provider has said it has seen a surge in interest for specialised and local liquidity.
Latest version of the trading app from BidFX will give the buy-side 24/7 access to trade forex markets.