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Screenshot of a breaking news alert e-mail from Q2 2017
FlexTrade Systems, a global leader in multi-asset execution and order management systems, today announced that UK based Berkeley Futures has implemented MaxxTrader, it’s white label ASP front-end platform, to facilitate global FX trading. Used as a complete FX solution, MaxxTrader will allow Berkeley to cover the full trading cycle, including price construction, distribution, trade execution, hedging, position management, post trade analysis on G10 currencies, Non Deliverable Forward contracts (NDFs), and base and precious metals.
According to the company brochure the firm was using Currenex to facilitate it’s FX trading, it is unsure whether they have completely replaced that or just added this additionally. “By using MaxxTrader as a comprehensive solution, Berkeley will be able to facilitate and navigate trading in the global currency markets,” said Vikas Kedia, Managing Director, FlexTrade UK Ltd in London. “MaxxTrader will serve as an aggregation and distribution platform to Berkeley’s customers, and will be used for on-line Non Deliverable Forward (NDFs), G10 currency execution, base and precious metals trading, auto hedging as well as transaction cost analysis.”
“We are seeing an increase in demand for hedging and trading using NDF markets and requirements for tighter spreads in G10,” said Marc Quinn, Senior Associate Director, Berkeley Futures Ltd. “As our customer base grows, they require more sophisticated trading tools across a variety of asset classes. Customers require the ability to execute trades both algorithmically as well as click trading. Berkeley customers will be provided with access to a wide range of external liquidity providers as well as the ability to trade against Berkeley’s internalized liquidity pool.
By partnering with FlexTrade, our customers will not only access increased functionality, but experience an enhanced FX and metals platform solution to help them better manage their global FX trading and risk, as well as having access to enhanced algorithmic trading requirements.”