JP Morgan and NatWest Markets Provide Access to Spotex ECN

Spotex, a provider of foreign exchange (forex) technology and 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 solutions, announced this Monday that leading Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term prime brokers J.P. Morgan and NatWest Markets are now providing access to Spotex’s institutional ECN.

Today’s announcement comes at a time when the FX liquidity provider is expanding its presence in the institutional forex market, with its introduction of new disclosed direct market access (DMA) liquidity pools. The company is also working on other initiatives to increase its ECN participation.

Commenting on the announcement, John Miesner, the Senior Managing Director at Spotex said: “We are excited to have J.P. Morgan and NatWest Markets join our existing tier-one prime brokers enabling institutional client access to Spotex. We are committed to working with leading FX institutions to deliver powerful innovation to the foreign exchange market.”

Spotex aims to increase ECN participation

Spotex’s ECN is built on low-latency architecture and allows continuous 24/5 trading with no end-of-day shutdowns. The network also uses performance-based matching logic designed to improve fill ratios and response times.

The technology developed by the company supports both its institutional ECN, as well as bespoke disclosed DMA liquidity pools. As Finance Magnates recently reported, the company updated its offering with customizable liquidity. The item enables brokers to deliver to their customers a solution where every liquidity provider can be enabled or disabled depending on the individual preferences of the clients.

JP Morgan continues to expand FX footprint

J.P. Morgan, which is one of the leading FX prime brokers in the world, has also been increasing its footprint in Asia. Recently, the firm revealed that it is preparing to deploy a new FX trading and pricing engine in Singapore. The company is planning to expand its presence in Asia, as the race for the region’s top financial center continues.

The new hub has the support of the Monetary Authority of Singapore (MAS), the local regulator, and is designed to speed up trade execution speeds for the company’s clients in the area.