markets trading platform R5FX has added Latin American trading to its platform
with live trading now available in Brazilian real, Chilean peso and Colombian peso.
with R5FX Latam in London is an important first step, as we build out our
dedicated global emerging markets platform”, says Jon Vollemaere, CEO of R5FX. “By
providing EMFX participants with increased transparency, centralised credit and
a further offshore alternative, we are doing more than just offering the same
old trading tools, we are helping our customers to build markets. Today this is
in Latam FX, which will become more widespread as we launch further currencies
later this year.”
‘Latam in London’ at the conclusion of a meeting with the Banco Central do
Brasil, Securities and Exchange Commission of Brazil, the Foreign Office and
London–based Brazilian Real traders. Part of the UK Chancellor of the
Exchequer’s Financial Services Trade and Investment Board (FSTIB) initiative,
it aims to build closer ties with emerging market countries and encourage new
opportunities in EM and FinTech.
The London FinTech start-up expects to stimulate
growth in the trading of emerging market currencies, as the market migrates
from being largely voice and exchange traded, to a transparent and efficient screen-based
market, providing deeper liquidity and increased capacity for all.
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