FastMatch, a FXCM owned financial technology company focusing on FX trading, announced today its buy-side focused AgencyFX service. AgencyFX extends FastMatch’s brand of transparency and cost savings to large institutional money managers.
AgencyFX will offer buy-side clients a unique pool of liquidity and trading tools to save their investors’ money on FX execution.
- Peer to peer trading: AgencyFX’s peer and retail continuous mid-point matching engine, provides a platform for institutions to trade safely and reliably with each other, and eliminates the need for a market maker to price their trades.
- Algorithmic trading: The unique peer and retail liquidity is augmented by algorithmic trading strategies designed exclusively for AgencyFX by Pragma Trading an independent quantitative trading technology provider of specialized multi-asset algorithmic services.
- Anonymous aggregated liquidity: Anonymously access FastMatch’s deep and tight liquidity to save transaction costs.
- SafeMatchTM Auction: SafeMatch auctions are open to the buy and sell side, and provide a transparent, dealable point in time crossing auction, with the option for auction imbalances to be executed at a pre-defined public commission. SafeMatch will launch by the end of Q1 2015.
Credit Suisse is the first sponsoring clearing bank, providing client access to the network and is available for all clients using the Credit Suisse AES suite of products.
“We are excited to create a new, broker neutral product for the buy side clients,” said Paul Buckley, head of AgencyFX Product at FastMatch. “The AgencyFX product will aim to significantly improve execution quality and transparency for the buy side community in FX market.”
FastMatch is a financial technology company focusing on foreign exchange trading. FastMatch develops and operates trading platforms focusing on both the sell-side and buy-side market segments.
FastMatch operates a highly successful sell-side Electronic Communication Network that strives to offer its customers access to large pools of diversified liquidity at unparalleled speed with complete transparency in the optimal location.
The FastMatch ECN is based on the technology underpinning the world’s largest Equities crossing system, the Credit Suisse Crossfinder matching engine. This market tested technology gives FastMatch an incredible speed advantage and has the capability of handling thousands of clients simultaneously. Clients include retail brokers, institutions, banks, hedge funds, and proprietary trading firms.
AgencyFX is a buy-side focused product, providing a safe, reliable way to trade with institutional and retail FX clients. The institutional and retail liquidity is enhanced with algorithmic trading technology to minimize information leakage, and lower execution costs. AgencyFX allows your desk to demonstrate to investors that your execution is in line with industry best-practice.