TradAir, a trading technology company that provides trading, analysis, decision-making and workflow solutions, is live with a new service, TA1, to facilitate trading and liquidity in foreign exchange.
TA1 will allow customers – both traditional and anonymous liquidity providers – to trade spot FX for an extensive range of spot currency pairs, using TradAir’s anonymous liquidity trading service, while partnering with credit provision from Standard Chartered.
According to the firm, the new service will provide aggregated FX liquidity without the need for multiple credit provision and individual connections to liquidity sources.
TA1 will use UX design and HTML5 technology both on browsers and on mobile. Workflows can be customised for trading, monitoring, risk and order management, the firm says, and each transaction processes straight-through to clients’ back office and risk systems.
TradAir says it has already signed several customers to TA1, and has a significant pipeline of new users for the service that are keen to “access alternative liquidity providers in a seamless manor, using the breadth of Standard Chartered’s credit provision”.
The partnership comes on the back of a number of recent developments at TradAir, which is developing a new suite of products and solutions, including its newly launched white label service using its HTML5 FX trading solution.
Commenting on the news, CEO and founder, Ayal Jedeikin, says: “We are delighted to be partnering with Standard Chartered, which has tremendous reach and credit-worthiness, particularly across some of the world’s most dynamic markets in Asia, Africa and the Middle East. Collaborating with them on our new TA1 solution makes perfect sense for our customers, who are demanding ever more bespoke approaches to access seamless liquidity.”