Instinet Launches Electronic Spot FX Trading Platform

Instinet, LLC, an institutional agency-model broker and the equities trading arm of Nomura, announced the launch of a new electronic 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 this week for spot foreign exchange (forex) - Newport FX.

The new trading platform is a web-based desktop application that can be accessed via multiple avenues - Newport EMS, direct FIX API, or on a stand-alone basis.

“Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers who stream prices to Newport FX will benefit from Instinet, LLC’s ability to deliver a wide array of counterparties including banks, non-bank liquidity providers, and ECNs,” the company said in a statement.

According to the statement released by the company, Newport FX was designed to give clients transparent pricing and liquidity management tools. The platform was developed to cater to the forex buy-side investor.

Commenting on the new platform, Ralston Roberts, Global CEO of Instinet Incorporated, said: “Our goal is to provide clients with complete transparency and the dedication to execution quality that they expect from an agency-model broker."

“Connecting counterparties, providing aggregated access to liquidity, and applying technology to increase efficiency have been our fundamental principles throughout Instinet’s 50-year history. So it is only natural that we would build our FX offering with these same client benefits.”

The Newport platform offers multi-asset trading and analytics. For those who are already equities trading clients, the trading platform allows users to synchronize their forex execution with their equity orders.

“We strive to empower clients to achieve better execution and reduced overall trading costs by providing a neutral view of the FX markets, unique insights, and access to a wide data set of pricing streams,” Roberts continued.

Nomura continues expansion into FX

Aside from Instinet, Nomura also recently expanded its relationship with Pico, a provider of technology services for the financial markets, to grow its FX business. As Finance Magnates reported, the company will build, host, and manage a new forex platform for the brokerage giant.