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Belzberg Technologies Selects LavaFX

Belzberg Technologies, a provider of technology-based equity and options trading, is expanding into foreign exchange and has selected Lava Technology’s LavaFX platform to provide FX trading services to its clients.

LavaFX will be fully integrated with the Belzberg trading system, providing customers with online spot trading in multiple currencies and hedging in combination with cross-border equities, options and futures trades.

The LavaFX trading platform offers a central limit order book of live dealable prices and the ability to place bids and offers together with a raft of order types. The system aggregates multiple sources of FX liquidity into a single access point, which can be tapped via the LavaFX user interface or through a FIX API.

Canada-based Belzberg’s client base includes over 200 Canadian, US and international brokerage houses and financial institutions. Founded in 1993, it provides traders with exchange connectivity, trade execution, order management, and routing software enabling traders to use a single interface to obtain quotes and place orders with exchanges and electronic communications networks globally.

“Belzberg’s expansion into foreign exchange is indicative of the growing demand for electronic FX trading. By leveraging Lava’s FX solutions, Belzberg will be able to offer clients greater pricing transparency, liquidity and aggregation of disparate FX execution venues,” says David Ogg, CEO of LavaFX.

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