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.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.