About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

OTCXN Goes Live with LiquiMatch FX Trading Venue

Subscribe to our newsletter

OTCXN, a blockchain-based capital markets infrastructure provider, has gone live with LiquiMatch FX, an institutional-only foreign exchange dark pool that is embedded in a lit pool and designed to give users multiple trading options simultaneously.

With no visible book or ticker, dark pool users are able to trade without broadcasting their activity to visible markets and therefore minimise market impact. When users want to show their liquidity, they can do so by sending lit orders to the combined book.

Rosario Ingargiola, CEO and founder of OTCXN, says: “Traders can shift liquidity at prices inside the market spread without detrimentally influencing lit markets and obtain fills in the dark with LiquiMatch, while also trading against visible liquidity directly or by using variable time-sliced orders. The lit pool liquidity also interacts with the dark pool automatic price improvement in the dark, attracting liquidity to both pools and improving execution.”

The LiquiMatch FX ECN is hosted in Equinix NY4 with FIX API and user-interface access. OTCXN says the trading venue has already attracted liquidity providers as well as Tier 1 banks serving as prime brokers to support their clients’ buy-side trading activities and their banks’ treasury operations.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Trade South Africa: Considerations for Connecting to and Trading the Johannesburg Markets

Date: 28 November 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Interest among the international institutional community in trading South African markets is on the rise. With connectivity, data and analytics options for trading on the Johannesburg Stock Exchange growing more sophisticated, and the emergence of A2X as a credible...

BLOG

Cboe Selects Broadway Technology as Infrastructure Service Provider for New U.S. Treasuries Trading Platform

Cboe Global Markets, Inc., the global market infrastructure and exchange operator, has chosen Broadway Technology, the high-performance front-office solutions provider, as an Infrastructure Service Provider (ISP) for its new U.S. Treasuries trading platform. Broadway has become a prominent name in the fixed income market over the years, and recently entered into an agreement to be...

EVENT

RegTech Summit London

Now in its 7th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Institutional Digital Assets Handbook 2023

After initial hesitancy, interest in digital assets from institutional market participants has grown over the past three to four years. Early focus inevitably centred on the market opportunities presented by bitcoin and other cryptocurrencies. But this has evolved into a broad acceptance of a potentially meaningful role for digital assets in institutional markets. It’s now...