Galaxy to Launch FX MTF

Galaxy MTF, an organized multilateral trading facility (MTF) for European bonds, has received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate as a foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term in Switzerland, allowing local investors to access Galaxy.

The Galaxy bond Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term accepts only firm orders and aggregates them in a global order book with prices accessible to all participants. Post-trade information and transaction records are made available publicly.

Galaxy is also equipped with a sophisticated compliance-monitoring system, which checks trading activity in real-time to help safeguard against possible market distortions.

Jean-Philippe Malé, CEO of Galaxy MTF, says the firm will continue to expand its reach in the coming months to ensure Galaxy remains the premier destination for the efficient, liquid, and transparent exchange of European bonds.

MTF's have made their own space post MIFID, CHI-X now an international brand is heavily competing with LSE. LMAX a UK based CFD multi lateral trading facility has introduced FX, Indices, Commodities and Equities as a CFD with clearance via CLS. The role of MTF's isnt clear on OTC products however Galaxy is set to revolutionise institutional FX trading.

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