With the addition of FXMarketSpace, a 50/50 joint venture between Reuters and CME Group (CME), RTS provides clients access to the global foreign exchange over-thecounter (OTC) markets through the RTD product suite. RTS customers have already deployed the RTD API and the algorithmic trading solution, RTD Tango, in the live market.
FXMarketSpace is the first centrally cleared, global foreign exchange platform for the OTC market. Unlike most of the interbank or multibank platforms, every party connected to the platform gets access to the same prices, and can hit all prices.
âWorking with RTS allows us to connect to an increasing number of new market participants,â said Mark Robson, Chief Executive Officer, FXMarketSpace. âThese customers demand equal access to best price, total anonymity and a high performance environment where the trade matching technology publishes every market price with minimum latency.â
âVolume in the FX markets continues to grow rapidly,â said Steffen Gemuenden, Co- CEO of RTS, adding that âgrowth will further be spurred as venues such as FXMarketSpace broaden accessibility of OTC FX to a larger audience that includes asset managers, proprietary trading firms, hedge funds and algorithmic traders. Using our high-performance proprietary APIs, as well as our FIX version, coupled with our algorithmic trading engine RTD Tango, clients can optimize their trading opportunities in the currency market.â