London-based Reactive Markets, which is a trading technology provider for forex and other assets, has strengthened its offerings with the addition of 15 forex liquidity providers, the company announced on Thursday.
These liquidity providers can be accessed by the clients on Switchboard, the forex and cryptocurrency liquidity platform launched by the company.
“As FX trading firms look to improve their execution quality and drive down costs, we have seen significant interest from clients wanting to use the Switchboard network to trade on a fully disclosed basis, directly with all of the leading Liquidity Providers at zero cost,” said Reactive Markets’ CEO, Phil Morris.
Top Tier Liquidity Providers
The company did not reveal the name of the added liquidity providers . But, it told Finance Magnates that the fresh onboarding started in January and most of them were added last month. In addition, it stressed that 8 of the added liquidity providers were among the top 10 Euromoney FX liquidity providers.
“Client demand has already exceeded expectations, and with the leading FX and Crypto Liquidity Providers now connected, our network continues to grow strongly, with a significant number of clients using Switchboard to trade both asset classes,” Morris added.
Reactive Markets was founded in 2019 and is relatively a forex trading technology provider. It promises to provide ultra-low latency institutional trading infrastructure for forex and other markets.
The company launched Switchboard to provide transparent liquidity for forex and cryptocurrency markets. At launch, the platform had 5 crypto liquidity providers: Cumberland DRW, Flow Traders, Galaxy Digital, Genesis Trading and Wintermute.
Meanwhile, Reactive Markets onboarded a few experienced industry executives. Matthew Cavallo joined as a Business Development Director and Henry Durrant as the Business Development Head. Both joined the company last year.
