e-Forex-Nov-23

Edgewater Markets introduces RFQ product
Edgewater Markets has announced the
launch of its Request for Quote (RFQ)
trade execution service. This exciting
addition to Edgewater’s product lineup
promises to transform the way the firms’
clients execute their trades, offering a new
level of efficiency for executing large and
unique order flow. The foreign exchange
market is known for its liquidity, but also
for its complexities, and Edgewater has
been at the forefront of delivering cuttingedge
solutions to meet the evolving needs
of their clients. With the introduction of
the RFQ, Edgewater continues its tradition
of innovation, empowering traders with
a powerful tool to enhance their forex
trading experience and profitability. “At
Edgewater Markets, we are dedicated
to delivering solutions that empower
our clients to trade how they see fit,
accommodating their unique order and
trade flow” said Brian Andreyko, Chief
Product Officer of Edgewater Markets.
“Our RFQ product represents a significant
milestone in our mission to provide traders
with the tools they need to succeed in the
forex markets. We are excited about the
possibilities this product offers and the
Brian Andreyko
positive impact it will have on our clients’
trading strategies.”
NEWS
New Change FX releases NCFX Forwards365
New Change FX has announced the
release of a new streaming swap data
service. The service is called NCFX
Forwards365 after its key feature of
each broken date being individually
calculated, rather than relying on
interpolation of other points to arrive
at a value. In addition to the NCFX
Forwards365 service, New Change FX will
shortly be releasing a live basis stream,
Basis365. NCFX Forwards365 streams
all business for the next 12 months of
information and not just key dates. Paul
Lambert, CEO of New Change FX said
“We are extremely proud of the NCFX
Forwards365 product. It has been a long
and complex process to systematise the
construction of accurate curves without
using any interpolation, but the result
is superb. Users can be sure that each
point that they need to find a value for is
individually calculated rather than being
subject to what is inherently guesswork
when using interpolation. This, coupled
with the fact that users can stream
365 days of data rather than having to
calculate each point will deliver significant
change to the electronification of the
swaps market”.
Paul Lambert
NatWest joins FXSpotStream as liquidity provider
FXSpotStream LLC has announced
that NatWest has joined the Service
as a liquidity providing bank. NatWest
is now available and becomes
the 16th bank available to clients
connected to FXSpotStream’s price
streaming service, joining Bank of
America, Barclays, BNP Paribas,
Citi Commerzbank, Credit Suisse,
Goldman Sachs, HSBC, J.P.Morgan,
Morgan Stanley, MUFG, Standard
Chartered, State Street, Societe
Generale and UBS. FXSpotStream
Interim CEO, Tom San Pietro
commented, “In Q1 of 2023 FSS rolled
out new liquidity provider pricing
plans that allow liquidity providers
to choose a plan that best fits their
business and commercial needs. Our
objective was to improve our value
proposition to our clients by delivering
more of their relationship liquidity
needs. We are delighted to announce
Tom San Pietro
that NatWest has taken advantage of
the new pricing plans and is the 16th
liquidity provider available to clients.
On the back of a record-breaking
volume year for FXSpotStream in
2022, it is tremendously exciting to be
expanding the liquidity offering for the
first time since 2020.” Olivier Werenne,
Head of eFX Sales EMEA and APAC at
NatWest, said: “FXSpotStream’s global
footprint and shared infrastructure
allow us to deliver better pricing and
liquidity to our clients, providing
them with one point of access to
liquidity without incurring the costs
of maintaining multiple APIs. We are
delighted to join FSS.”
10 NOVEMBER 2023 e-FOREX