Read time: 7 min

TraderTools Reports Volume Growth

Although it
does not provide specific numbers, TraderTools says that Q1 2017 volumes across
its Unique Liquidity Network (ULN) were 217% above Q4 2016 volumes.

It adds
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
Scandinavian currencies.

The number
of “unique” takers connected to the ULN increased in Q1 by more than 20%, the
firm also states.

“We are
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.”

Colin Lambert

Share This

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on reddit

Related Posts in