FX Connect has announced a range of technology enhancements, including to its GUI, automated order routers (AOR) and order blotter.
“In today’s highly competitive environment where firms face increased complexity and regulatory requirements, it’s vital that we work with our clients to shape our product and solution strategy,” says Beverley Doherty, global head of FX Connect. “Our new enhancements will be instrumental in helping us accomplish this goal, demonstrating FX Connect’s ability to innovate and improve products that create solutions for our clients’ evolving needs.”
Making changes via HTML5, FX Connect is creating a trading “cockpit” within its GUI that provides order management and execution through a single, secure interface.
Changes to the order blotter include live indicative rates, the estimated percentage away from an order’s limit price, colour coding of orders based on their per cent away from their custom threshold settings and customisable order alerts.
The platform also says that it has completed improvements to the efficiency of its AOR, the automated rules-based trading for request for stream (RFS) sessions used by its real money clients.
Looking ahead, FX Connect says that a key pillar in its development roadmap for 2019 will be the further integration with BestX, the third party transaction cost analysis (TCA) provider that it acquired last year, to build a monthly summary TCA report for all its clients based on their FX Connect trading data, with enhancements being provided around the granularity and the breadth of data sets that clients can access and move into a real-time mode.