FXall, the online foreign exchange platform, says five new liquidity providers have joined the platform, bringing the total number of banks added in 2004 to eleven.
The banks are BMO Nesbitt Burns and Harris Nesbitt (members of the BMO Financial Group), Commerzbank, Fifth Third Bank, OLE_LINK1Grupo Santander – New York Branch, and SG Corporate and Investment Banking. The FXall network now totals more than 700 buy-side clients and 57 banks. Activity on the platform has continued to grow at a rapid pace in 2004 with August volume up more than 100% versus a year ago. “As a leading liquidity provider, our goal is to reach the greatest number of market participants in every major client segment,” says Jay Green, Head of E-Commerce at SG Corporate Investment Banking. “FXall’s market leading position and diverse customer franchise provides that opportunity.”