C'est une bonne nouvelle pour la transparence. Ceci valide donc le model que nous defendons depuis un moment sur Trading Automatique, et que nous voyons s'imposer dans le future sur le marche Forex.
La question qui se pose cependant est celle de la multiplication des ECNs. Jusqu'ou cela peut aller? Le marche finira bien par se consolider un jour ou l'autre. Le nombre favorise en tout cas la concurrence et donc l'innovation technique et la diminution des commissions.
“FastMatch will redefine forex trading and take it to the next level,” said Dmitri Galinov, CEO of FastMatch, Inc. “FastMatch will revolutionize forex trading by introducing the speed and transparency of equities trading to a diverse set of clients including retail brokers, institutions, banks, hedge funds, and proprietary trading firms.” FastMatch will create a new standard of trading transparency by disseminating platform’s quotes and trades with sizes and prices in real time.
“FXCM believes that FastMatch brings the functionality needed from a matching system in today’s trading environment, which was currently missing in the forex space,” said Drew Niv, CEO of FXCM. “We stand behind this platform because it has taken technology from the equities markets, which works, and adapted it for the forex market so that our forex clients can benefit.”
The FastMatch ECN is based on the technology underpinning the world’s largest equities crossing system, the Credit Suisse Crossfinder matching engine, re-tooled and tailored to the needs of the global foreign exchange markets. This market-tested technology gives FastMatch an incredible performance and technological advantage with the ability to handle thousands of clients simultaneously.
The system will be rolled out in phases starting in July 2012, with the final release scheduled for September 2012. Each phase will enable new functions and more clients on the system. When completely rolled out, FastMatch will allow clients to trade across an array of unique liquidity sub-pools each governed by its own distinct rules of trading. FastMatch will also enable institutional clients to easily transact large sizes with minimum market impact by using order types like hidden pegged to midpoint, reserve and minimum quantity.
FastMatch’s matching engine is located in the Equinix NY4 facility at 755 Secaucus Road, Secaucus, NJ 07094, USA. Equinix NY4 is a central location for foreign exchange clients