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

TraFXpure Plans Random Latency FX Trading

Subscribe to our newsletter

Nope, the date is not April 1, though I had to double check. TraFXpure, a planned spot market for foreign exchange, has begun testing for an early 2013 go live, exercising a matching engine that features random latency execution.

To be exact, the matching engine’s latency is not random, but orders submitted to it will be subject to a “non-deterministic pause” before being matched. The business theory being that such a mechanism levels the playing field for all participants, regardless of their financial clout, investment in low-latency technology or their proximity to the marketplace.

Operated by inter-dealer broker Tradition, TraFXpure has support from major FX players Barclays, BNP Paribas, Deutsche Bank, Morgan Stanley, Royal Bank of Canada, SEB, Standard Chartered Bank, State Street Global Markets and UBS.

Market data will be made available – at cost – to all market participants, representing another departure from the norm for execution venues. One cannot imagine the venue is going to provide co-lo facilities either, or be much of a draw for latency management vendors or those with FPGA technologies!

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows

Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows Emerging capabilities in AI and interoperability are transforming trading workflows, with the promise of heightened levels of collaboration and personalisation resulting in greater efficiency and performance. The potential of these new technologies is encouraging financial firms to modernise their trader desktops and streamline operational...

BLOG

Bloomberg Introduces Data Access Extension for Enhanced TCA

Bloomberg has launched Data Access, a new extension to the Bloomberg Transaction Cost Analysis solution (BTCA), designed to provide clients with easier access to data through an API integration. The new extension allows users to consolidate their trading information with Bloomberg’s comprehensive reference and pricing data, enabling the creation of custom data solutions on top...

EVENT

Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Solvency II Data Management Handbook

Want to get a handle on Solvency II and what it means for data management? Need to make sure you have all the bases covered for the looming January 2016 deadline? Our Solvency II Data Management Handbook is now available for free download to help you. This Handbook is the ultimate guide to all things...