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Lava to launch FX product range
The new system will offer both request-for-quote (RFQ) and anonymous dealing as well as features "new to the FX market-place", said David Ogg, head of LavaFX in New York. "We will be bringing the relevant capabilities we have deployed in the equities platform into the FX market-place."
One of these capabilities is a patented function that aggregates liquidity sources into one transactional platform, using intelligent order-routing.
Lava has already approached buy- and sell-side traders in
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