TrueFX, an OTC market designed for the buy side, today announces that multi-asset execution, clearing and liquidity provider, Sucden Financial, has joined as a clearing member.
Launched earlier this year, the clearing network allows buy side firms of all sizes to directly access liquidity on TrueFX from market makers without an intermediary. Users have the option to clear through Jefferies FXPB, the central credit counterparty for TrueFX, or directly open an account to gain access.
“We are pleased to be joining the TrueFX network as a clearing member and offer our clients access to this service with valuable connectivity to the marketplace. TrueFX is an exciting development for the FX market and we are proud to demonstrate our commitment to this initiative,” says Wayne Roworth, co-head of e-FX at Sucden.
“Having Sucden Financial join the TrueFX Clearing Member network greatly enhances the offering available to clients and allows TrueFX to service many more segments of the buy side community,” adds Harpal Sandhu, CEO of Integral and technology provider for TrueFX. “The addition of Sucden Financial to the network is further testament to the network’s compelling value proposition and we are thrilled to have them on board as a clearing member.”