BidFX, a cloud-based provider of electronic foreign exchange trading solutions, has partnered with C8 Technologies, a direct indexing specialist, to enable asset managers to undertake direct indexing via their chosen relationship banks, available on the BidFX system. This will allow C8’s tradable FX indexes to be tracked and executed directly on the BidFX platform.
Initially, the C8 FX Combination Index, a monthly-trading, systematically-weighted aggregate of C8’s FX macro and risk-premia indexes will be available, with more to follow, including AI-driven FX indexes.
BidFX Head of EMEA Sales, Roger Lee, says: “Beyond the algo suite and execution tools, which traders are familiar with on BidFX, the C8 indexes add a new avenue for our asset manager clients to explore, as they seek long term alpha from forex as an asset class. This is a highly innovative partnership of leading technology solutions and we expect the relationship and client uptake to flourish.”
C8’s CEO Mattias Eriksson says: “We believe that C8 partnering with BidFX, and their cutting-edge FX execution platform, will make for a powerful combination. As direct indexing pioneers, we can make it easy for asset owners to replicate the performance of our indexes, by trading the underlying positions, through BidFX. We are delighted that our FX indexes will be integrated into the BidFX platform, for seamless trading by users.”
