TraderTools' Liquidity Management Platform(TM) Integrates With FXMarketSpace
September 09 2008 - 9:00AM
PR Newswire (US)
TraderTools' customers can now access, and execute on, liquidity
from FXMarketSpace, the FX trading platform established by Thomson
Reuters and CME Group NEW YORK, Sept. 9 /PRNewswire/ -- TraderTools
LLC (TraderTools), a provider of business solutions, software and
services to financial institutions trading FX, announced today that
its Liquidity Management Platform (LMP) now includes access to
liquidity from FXMarketSpace, the first centrally-cleared global FX
trading platform for the over the counter market. FXMarketSpace
liquidity can be viewed together with the full depth of market
offered in the TraderTools' LMP. In addition, trades can be
executed automatically against this liquidity based on smart order
routing rules. Mark Robson, Chief Executive Officer, FXMarketSpace
said: "One of our primary goals is to connect to a large and
diverse group of customers. Being supported by TraderTools'
Liquidity Management Platform allows us to extend our global
coverage." "The connectivity to FXMarketSpace expands the
impressive list of liquidity providers already connected to our
Liquidity Management Platform," added Mark Mayerfeld, Executive VP,
International Sales at TraderTools. "Because our LMP is
"liquidity-neutral", we continue to integrate with leading
liquidity providers based on customer demand." About FXMarketSpace
FXMarketSpace, a 50/50 joint venture between Thomson Reuters (NYSE:
TRI; TSX: TRI; LSE: TRIL; Nasdaq: TRIN), and CME Group
(NYSE:CME)(NASDAQ:CME), is the first centrally-cleared, global,
over the counter foreign exchange (FX) marketplace. FXMarketSpace
is the first FX platform involving the entire spectrum of market
participants including global and regional banks, asset managers,
corporations, hedge funds and other market makers. The platform
utilises CME Group's central counterparty model and clearing
function, with access via Thomson Reuters premium FX desktop
services and CME Group's API. The result is a platform that is
uniquely positioned to reduce risk, provide deep liquidity, support
anonymity and price discovery, while cutting costs and increasing
efficiencies for inter-dealer and institutional FX transactions.
For more information on FXMarketSpace, please visit
http://www.fxmarketspace.com/. About TraderTools TraderTools(TM)
LLC is a provider of business solutions, software and services to
financial institutions trading FX. TraderTools' Liquidity
Management Platform(TM) is the only system to integrate the four
disciplines of electronic FX trading: pricing, dealing, order
management and execution. Our unique Dynamic Liquidity Manager(TM)
monitors and controls inward and outward liquidity flows, making
pricing and execution decisions in real time. We empower banks to
maintain their leadership positions in FX with a single deployment
and a single point of contact. And we work together with them to
activate functionality according to their business strategy and
timetable. Learn why the world's financial services giants are
using TraderTools to better manage their liquidity and optimize
their FX trading operations, by visiting
http://www.tradertools.com/ or emailing us at . TraderTools,
Liquidity Management Platform, Dynamic Liquidity Manager and the
tagline "The eFXperts" are trademarks of TraderTools LLC.
DATASOURCE: TraderTools LLC CONTACT: FXMarketSpace Media, Jake
Smith, +44-20-7796-7169, ; or TraderTools, Sales, Mark Mayerfeld,
EVP, International Sales, +1-212-333-3770 Ext. 229, ; or Media, Ian
Tick, Director, Marketing, +972-9-740-8880, Web site:
http://www.tradertools.com/ http://www.fxmarketspace.com/
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