NEW YORK, Oct. 13, 2015 (GLOBE NEWSWIRE) -- FastMatch, a leading financial technology company focusing on foreign exchange trading, today announced that it has executed the first fully disclosed trade between counterparties over its platform. The trade was executed between Citadel Securities, a leading market maker in FX, Rates, Equities, and other products, and a global tier 1 bank. Disclosed trading allows liquidity providers to provide customized pricing to best suit each client’s specific needs. Last month FastMatch announced that it would offer fully disclosed trading at a cost of only $1 per million USD notional per side.
“We had a tremendous positive response from clients and liquidity providers to our new, global, low cost, fully disclosed trading offering,” said Dmitri Galinov, CEO of FastMatch. “Citadel Securities – one of the largest market makers in the world – going live on the new offering only two weeks after its launch with many more firms in the pipeline is a strong recognition of the increasing demand in the market for disclosed trading.”
Jamil Nazarali, Head of Citadel Execution Services said, "We're excited to partner with FastMatch to provide disclosed liquidity to clients. Disclosed trading allows us to customize our FX solutions based on an individual customer's needs in order to provide them with the best level of service."
FastMatch is a financial technology company focusing on foreign exchange trading. FastMatch develops and operates trading platforms focusing on both the sell-side and buy-side market segments.
FastMatch operates a highly successful sell-side Electronic Communication Network that strives to offer its customers access to large pools of diversified liquidity at unparalleled speed with complete transparency in the optimal location. The FastMatch ECN is based on the state of the art technology. This market tested technology gives FastMatch an incredible speed advantage and has the capability of handling thousands of clients simultaneously. Clients include retail brokers, institutions, banks, hedge funds, and proprietary trading firms.