Eleven more sell side institutions have been fully integrated into the FXall multibank platform, bringing the total of such institutions to 34 out of the 55 liquidity providers on the portal.
The institutions are: ANZ, Bank of New Zealand, Barclays Capital, Brown Brothers Harriman, Danske Bank, ING Financial Markets, Jyske Bank, Merrill Lynch, National Australia Bank (which wholly owns Bank of New Zealand), Nordea and SEB Merchant Bank.
FXall also revealed that it now has more than 200 buy side institutions signed up for trading. The company adds that the majority of these are executing live trades on the system.
John Graham, partner at Rogge Global Partners, sees FXall gaining momentum as it builds participants, saying, “Customers seek maximum transparency and tightness of pricing. This can only be achieved through full integration with the widest range of banks.”