Liquidity aggregation system TraderTools Inc. was selected by MFP Trading, an electronic FX execution specialist, to provide its customers with a single point of access to aggregated liquidity with tailored relationship pricing.
TraderTools is a New York-based technology provider that specializes in relationship-based pricing and the management of aggregated liquidity.
Market makers can stream prices on the TraderTools Unique Liquidity Network by licensing the company’s technology or integrating via their own API, which is available to banks, brokers and the buy side.
For liquidity takers, TraderTools provides access to leading FX venues such as Currenex, EBS, 360T, FXall, Fastmatch, Bloomberg, and Hotspot. The company’s Market Adapters also secures direct access to over 100 liquidity providers, including banks, high-frequency traders (HFTs) and brokers, leveraging its co-location in Equinix data centers in London and New York.
As regulation continues to shape market participants’ decisions, the disclosed and relationship pricing offered by TraderTools is attracting more and more customers to access deeper liquidity, with better pricing.
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Thanks to its partnership with TraderTools, MFP Trading has a choice of over 100 venues which strengthens its offering that focuses on anonymous execution for large orders to reduce customer footprint and market impact.
TraderTools also can deliver liquidity through its proprietary trading screens, via an API or through existing front-end platforms such as MT4 and VCL Vanguard, depending on the client’s requirements.
Market makers on TraderTools network also have a strong presence in emerging and local market currencies such as the Turkish lira, the South African rand, the Scandinavian kroner, Eastern European currencies, and the Russian ruble.
Commenting on the partnership, TraderTools president Yaacov Heidingsfeld said: “MFP understands the relationship nature of our market. Tailored relationship pricing is the best way to ensure participants’ best execution, with liquidity priced for business they want to win, which ultimately benefits both sides of the transaction.”
“I am excited to be working with TraderTools. We are quite active in the space, with our varied client base and franchise means we can be interesting across all the majors as well as emerging market currencies,” added Francois Nembrini Director of MFP Trading Ltd.