Flow Traders, a Netherlands-based liquidity provider that specialises in exchange traded products (ETPs), is making a concerted push into the FX market, the firm has revealed today.
Flow Traders is partnering with MarketFactory to trade FX directly with investors across a number of different trading venues. In a release issued today the firms says that MarketFactory’s API product, Whisperer, its “strategic ambitions” to become a leading liquidity provider in FX.
Flow Traders has long been active in the FX as part of its hedging strategies, but the firm claims that the current state of the FX industry provides an opportunity for it to further expand its role in this market.
“Given our in-depth knowledge combined with evolving technology, now is the time to open up as a liquidity provider to FX markets,” says Robbert Sijbrandij, head of FX at Flow Traders. “In the new regulatory landscape, Flow Traders will continue to contribute to fair and transparent markets. This cooperation will enable counterparties to directly trade FX more effectively and efficiently than ever before, creating a more level playing field for investors.”
“We are thrilled to be helping Flow Traders grow and expand into the $5.1 trillion daily foreign exchange market,” adds Darren Jer, CEO of MarketFactory. “By managing the software connectivity for Flow Traders, we’re hoping they can focus on the critical risk management, hedging and trading activities.