FXDD, a provider of online foreign exchange trading, has launched PowerTrader, its institutional execution platform. PowerTrader utilises straight-thru-processing (STP) to connect more than 60 global banks and ECN systems into one platform. FXDD says PowerTrader provides true interbank pricing with no dealing desk intervention; the live, executable streaming prices come directly from the major liquidity providers.
“We have seen a huge demand from clients for a transparent, multi-bank solution that is customizable, flexible, and offers multiple order types,” states Tom O’Reilly, SVP of Sales at FXDD.