does not provide specific numbers, TraderTools says that Q1 2017 volumes across
its Unique Liquidity Network (ULN) were 217% above Q4 2016 volumes.
that the ULN now consists of over 25 “unique” liquidity providers, making
prices in emerging and “under-served” market currencies such as Turkish lira,
South African rand, Russian ruble, Israeli shekel, the CE-3 currencies, and the
of “unique” takers connected to the ULN increased in Q1 by more than 20%, the
firm also states.
able to provide our customers access to ULN currencies with spreads compressed
by 50% or more as compared to prices on other venues, says Yaacov Heidingsfeld
co-founder and president, TraderTools. “FX has always been and will continue to
be a relationship driven industry. Given the increased focus on TCA and best
execution, one-to-one relationship pricing is the best way to ensure that
liquidity providers are quoting for business they want to win, which ultimately
benefits both sides of the transaction.”