Currency

Spotex signs new prime brokers to provide access to institutional ECN


FX prime brokers, JP Morgan and NatWest Markets are now providing access to Spotex’s institutional ECN. The prime brokers join as Spotex expands its presence in the institutional FX market segment with the introduction of new disclosed direct market access (DMA) liquidity pools as well as other initiatives to broaden participation on its ECN.

“We are excited to have JP Morgan and NatWest Markets join our existing tier-one prime brokers enabling institutional client access to Spotex,” says John Miesner, the firm’s Senior Managing Director. “We are committed to working with leading FX institutions to deliver powerful innovation to the foreign exchange market.”
 
Spotex provides high performance FX technology on a wholesale basis to brokers, institutions and fund managers. The firm’s institutional ECN is built on a flexible, stable, ultra-low latency architecture. ECN innovations include a continuous 24/5 trading week with no end-of-day shutdowns as well as performance-based matching logic designed to improve fill ratios and response times. 
 
Spotex’s technology supports its institutional ECN as well as bespoke disclosed DMA liquidity pools, which institutions can deploy to trade directly with select liquidity providers on a disclosed basis. 

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