Foreign exchange platform, FXall, has been selected by independent brokerage company MAREX Financial to provide foreign exchange liquidity and trading services to its clients.
The deal will allow MAREX customers to tap into multiple sources with more than 200 currency pairs. Clients will have access to a range of trading options, including the ability to enter bids and offers directly into the system.
By using MAREX as a prime broker, customers can trade on a non-disclosed basis while leveraging MAREX’s credit lines with the market’s major sources of liquidity. Traders also have the option of connecting algorithmic trading models to FXall via an API or FXall’s FIX Gateway for fully automated trading.
“The popularity of FX as an asset class is continuing to grow, and we are seeing strong demand from our clients for a powerful, comprehensive FX trading solution,” said Farooq Muzammal, head of foreign exchange at MAREX. “We selected FXall because it offers our clients access to a marketplace of unparalleled depth and consistency, as well as having a track record for building strong, collaborative relationships with partners and clients.”
Mark Warms, global head of sales and marketing at FXall said that “hedge funds and other active traders are increasingly looking for FX solutions that offer more than just spot trading in a handful of currency pairs.”