Information Technology (IT) Smart Cards and other Access Control system

United Kingdom New Tender

📄 Tender ID: 447276477 📅 Published: 17 Sep 2019

📋 Tender Overview

Adoption of execution algorithms by buy-side traders on Refinitivs FXall platform increased 41 year-over-year in the second quarter of 2019 following continued investment by Refinitiv in its FXall algorithmic trading capabilities. Attracted by the potential benefits of bank-provided execution algorithms algos buy-side traders are increasingly folding algos into their menu of execution options alongside more traditional methods such as multi-dealer request-for-quote RFQ and bilateral streams of executable prices.As a leading multi-dealer platform for FX trading FXall is committed to providing our clients with unparalleled choice in execution tools including advanced algo trading workflow as they seek smarter ways to access liquidity with minimal market impact said Jill Sigelbaum head of FXall at Refinitiv. Enhancements to FXalls algo trading solutions released in 2019 include The ability for users to slice algo tickets into several child orders giving them more flexibility to work large tickets over time in order to minimize market impact and information leakage. The ability for users to pause the execution of an algo giving them more control over execution while they monitor market conditions and amend the algos execution parameters if needed before either resuming or canceling the algos execution.FXall is witnessing growing adoption of algos across all types of institutions ranging from asset managers to hedge funds and large corporate clients. By leveraging FXalls market-leading connectivity to 22 bank algo providers and over 150 algos these institutions benefit from pre- and post-trade workflow as well as a single interface and user experience across all 22 algo providers. In addition FXalls Trade Performance Analytics includes a growing range of analytics and performance metrics to help users assess the quality of their algo execution in a consistent way across providers.In addition to growth in algo trading FXall sees continued growth in overall client activity on its platform as evidenced by a new record day on June 26th 2019 when overall FX daily volumes reached 396 billion.

🔍 Key Information

📄
Tender Reference No.
447276477
📅
Publication Date
17 Sep 2019
🌐
Sector
Information Technology (IT)
📝
Notice Type
News
📍
Location
United kingdom

📁 Documents & Downloads

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🏷️ CPV

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🕒 Submission deadline
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🧭 Quick Facts

Authority N/A
Country United kingdom
State / UT N/A
Tender Type Procurement News
Currency N/A
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