FXall Approved as Electronic Trading Platform in Malaysia

Refinitiv, a financial data and technology provider, announced this Thursday that FXall, its foreign exchange (foreign exchange) aggregator, has been approved by Bank Negara Malaysia as an 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.

FXall has been approved under Malaysia’s new framework for Electronic Trading Platforms. Within this framework, the FX aggregator will be offered in the country under its approved money broker “Refinitiv Transaction Services Malaysia Sdn Bhd.”

FXall provides electronic trading to banks and brokers and is a complete end-to-end workflow solution for FX trading, covering spot, forwards, swaps, non-deliverabe forwards (NDFs) and options.

Refinitiv Matching approved alongside FXall

Alongside, FXall, interbank central limit order book Refinitiv Matching has also been approved under the Electronic Trading Platform framework. This solution facilitates banks to trade on credit-screened USD/MYR 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 anonymously.

Refinitiv Matching offers real-time credit screening, enhanced price discovery, concentrated liquidity and efficient execution for FX traders.

Commenting on the announcement, Nigel Fuller, Performance Director for FX Venues at Refinitiv said in the statement: “Refinitiv has been a long-time partner in the Malaysian financial market.

“Bank Negara’s formal approval for FXall to operate alongside Matching enables us to further assist Malaysian FX market participants to develop their e-FX trading solutions. This will lead to greater transparency and efficiency both for the banks and their customers.

“We continue to work closely with central banks, liquidity providers, and buy-side participants to promote the development of efficient, fair and effective markets in the ASEAN region.”

Refinitiv expands covering of Matching solution

In recent months Refinitiv has been expanding its service coverage. As Finance Magnates reported, earlier this month, the data company launched a new version of Refinitiv Matching for FX traders specifically designed for Ukraine.

The upgraded version includes the integration of new features that meet emerging client and market demand. In Ukraine, the service offers users the ability to explore liquidity sources, benchmark trades, and develop systematic FX trading strategies.