Straits Financial has been named as a prime-of-prime provider to FX ECN Spotex.
The agreement enables clients to access FX liquidity via Straits Financial and provides a gateway for brokers to deploy Spotex’s modular technology solutions and includes Straits Financial’s proprietary institutional liquidity accessed via a dedicated Spotex Broker Liquidity Hub.
Straits Financial will also deploy Spotex technology to expand the range of functionality it provides to brokers. New functionality will include multicurrency PAMM, MAM, IB management, and trade copier/social trading.
“We are pleased to provide credit intermediation and liquidity to a new set of FX brokers and fund managers through our prime-of-prime brokerage agreement with Spotex,” says Raymond Mok, global head of FX, Straits Financial. “We look forward to working with Spotex to provide credit intermediation, technology solutions and liquidity to clients across the Asia Pacific region.”
John Miesner, chief executive officer, Spotex, adds, “We are excited to offer clients world-class credit intermediation and FX liquidity provided by Straits Financial, an acknowledged leader in the Asia-Pacific region. We expect our joint offering to be of great interest to fund managers and retail FX brokers, especially as we continue to roll out technology innovations in the months ahead.”