CurrencyDealing.NET initially focussed on FX derivatives matching four years ago, is now a leader in Spot-FX execution for institutional dealers. It lists more than 20 live streaming currency pairs on a 24/5 basis, and offers liquidity and speed of execution unequalled in the market.
The platform model is based on that of an exchange, offering full anonymity and centralised counterparty, a novelty in the FX markets.
Charles Monot, ICY Software CEO, comments: "We are extremely pleased to merge our competencies in FX with the Baxterâs knowledge in spot and forward transactional markets. We are confident that many of our clients will appreciate the alternative offered by Baxter to standard transactional platforms."
Franck Mikulecz, BAXTER CEO also testifies: "BAXTER is passionate about the benefits of the online-FX Exchange trading model. Having found common grounds with ICY Software on this topic, we are pleased to jointly market CurrencyDealing.NET's FX execution capabilities the more sophisticated Options customer base that ICY has developped over the years. The clear technology leadership that ICY has established in these markets is of particular interest to us, and we see this as the first step of a very fruitful collaboration."