BidFX Adds RBC Capital Markets Algo Suite to EMS Platform

BidFX, a 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 and provider of electronic foreign exchange (forex) trading solutions, announced this Thursday that RBC Capital Markets has added its Algo suite to the company’s Execution Management System (EMS) platform.

Under the agreement, RBC Capital Markets' Algo suite is available to all RBC clients immediately. On BidFX, the offering has already seen a great demand from institutional clients, the statement released today said.

BidFX, which is a subsidiary of TradingScreen, has been expanding into the institutional buy-side. During this process, the company has noticed a high demand for RBC and their Algo offering, according to John McGrath, the Chief Revenue Officer of BidFX.

“Algo’s are now one of the most common methods for buyside’s to measure their FX execution which is why it is so pleasing to add more providers of RBC’s quality to the BidFX platform,” McGrath continued.

BidFX expands EMS platform

BidFX is continuously adding more providers to its EMS platform. As Finance Magnates reported, the company recently onboarded Jump 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 as its newest liquidity provider, in order to meet increasing demand.

Commenting on the partnership, Neil McClements, Head of EMEA eFX Sales at RBC, said: “At RBC we are committed to driving more transparency and consistency of execution and recognise the important role third-party platforms such as BidFX have to play in ensuring these efforts enhance the FX market."

“We are continually developing and refining our FX Algo capabilities on behalf of our clients to improve workflow and execution efficiency, deliver more consistency in performance and minimising market impact."

“Our robust suite of FX Algo solutions is designed to be tailored with user-defined controls to each client’s execution goals and desired benchmark. The combination of advanced Algo technology solutions and high-touch FX sales and trading services allows RBC to provide clients with market-leading execution capabilities."