Edgewater Markets has made its dedicated Latin American currency and NDF trading platform, LatamFX.Pro, available to European clients.
The aim of the platform is to service the needs of local banks, pension funds, hedge funds, brokers and end users for the hedging and execution of Latin American FX and NDFs.
Initially launched in the LatAm region, Edgewater says that it is making the platform available to European clients due to strong initial demand from its customers in the region, who have historically found it challenging to access LatAm liquidity that is untouched by HFT and algo trading systems.
“One of Edgewater’s goals has always been to focus the expansion of new products into new regions in a bespoke fashion. Our Latin America franchise first developed the product to use locally, and due to its success in that region and the US, word has spread to our European clients and users with high demand for currencies like the Mexican peso and LatAm NDFs. As a result, we decided to make the LatamFX.Pro platform accessible to other regions. The liquidity available and access are restricted to end users thus increasing the reliability and depth available to customers giving out liquidity providers a more unique pool of both firm liquidity and truly unique regional market making rates,’ says Robert Sanchez, head of Mexico at Edgewater.