Moneyline Telerate has become the sole licensee of spot and forward foreign exchange price quotations genertaed by the FXall trading platform. Work on a link has begun and is expected to be completed within the second quarter of this year. Telerate says the FX data will be used for analytical, charting and other “decision support” activities. The FXall platform recently transacted $10 billion in a single day for the first time.
“Our customers want the best and most transparent information from a trusted industry benchmark, and that is what FXall provides,” says David Walsh, CEO of Moneyline Telerate. “FXall has the highest quality indicative quotes in the market, and I am delighted to make them available to our customers. This partnership is a further manifestation of our commitment to supporting market driven initiatives.”
Philip Weisberg, CEO of FXall added: “I am very pleased to announce this agreement which will give another boost to transparency and efficiency in the foreign exchange market. It also forms an important part of FXall’s wider mission, which is to ensure that the benefits of electronic trading and price distribution are extended to the widest range of participants. Our decision to partner with Moneyline Telerate is based on their success in promoting and supporting marketplaces.”