20 February 2006 - FXall, the world's leading online foreign exchange platform, has been selected by independent brokerage company MAREX Financial to provide foreign exchange liquidity and trading services to its clients.
The deal enables MAREX customers to tap into multiple sources of liquidity for fast execution and tight pricing in more than 200 currency pairs.
Clients will have access to an extensive range of trading options, including the ability to enter bids and offers into the system in order to reduce transaction costs and manage risk more effectively. By using MAREX as a prime broker, customers can trade on a non-disclosed basis while leveraging MAREXâs strong credit lines with the marketâs major sources of liquidity. Traders also have the option of connecting algorithmic trading models to FXall via an API or FXallâs FIX Gateway for fully automated trading.
Farooq Muzammal, Head of Foreign Exchange at MAREX Financial, says: âThe 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. 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.â
Mark Warms, Global Head of Sales and Marketing at FXall, commented: âThis is an exciting opportunity to extend our services to MAREXâs network of active trader clients. 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.
We look forward to working closely with MAREX to deliver a services that meets their complex and evolving requirements.â