US provider of Forex trading platforms and marketplaces Molten Markets Inc has beefed up the offering on its MoltenFX ECN platform via the addition of precious metals. The move is done in response to demands from clients of the company.
“Since MoltenFX went live two years ago we have had strong demand for Precious Metals trading from our clients” says Rich Wenzel, Head of the MoltenFX ECN “and the move to our new Central Counterparty last quarter now allows us to offer Precious Metals and a wider range of currencies” he adds.
On top of MoltenFX, Molten Markets offers InstiFX, a comprehensive trading platform designed for the most demanding asset managers, which includes a range of tools specifically designed to address the current challenges faced by both buy and sell-side in the wake of recent regulatory and self-governing findings. The first trades on InstiFX were conducted in March 2014, so the solution has been up and running for more than a year already.
Simon Wilson-Taylor, chief executive of Molten Markets, stressed an important achievement the company has recently marked .“Across both our platforms we have now signed over 50 clients in just two over years, which is a tremendous achievement, and true confirmation that we have designed the right products for the future of the FX market”, he said.