FXall, the portal for online foreign exchange trading, today announced that ANZ, Bank of New Zealand, Barclays Capital, Brown Brothers Harriman, Danske Bank, ING Financial Markets, Jyske Bank, Merrill Lynch, National Australia Bank, Nordea and SEB Merchant Banking have all joined the platform.
It was also announced that FXall now has more than 200 corporations and asset managers signed up for trading, but a minority have yet to execute live trades. Following today’s announcement, FXall has integrated 34 of its 55 liquidity providers – providing customers with a single point of access to all of their major dealing relationships. Collectively, FXall’s 34 integrated liquidity providers are said to account for more than 80 percent of all foreign exchangetraded.
“Clearly FXall has gained momentum as liquidity providers integrate on their platform,” says John Graham, Partner at Rogge Global Partners. “Customers seek maximum transparency and tightness of pricing. This can only be achieved through full integration with the widest range of banks. FXall has been a leader in providing this multibank integration.”
Phil Weisberg, CEO of FXall, said, “I am delighted to welcome our new liquidity providers and customers. At FXall, we recognise that the only viable solution for foreign exchange trading is one that brings customers and banks together in a completely integrated solution. We will continue to innovate and improve for the benefit of all participants in the foreign exchange market.”