Competition, including adding features, is heating up among Forex ECNs.
Forex ECN FXall, which recently agreed to be acquired by Thomson Reuters for $625 million, has turned up the heat in the increasingly-crowded battle for both liquidity providers and large institutional clients. FXall announced a new feature, to receive executable prices from up to ten liquidity providers to automatically hedge or cover their customer trades. A sophisticated configuration utility allows liquidity providers to configure automatic hedging rules by customer, currency pair and deal size.
For the full FXall press release click here.
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