FX Concepts moves execution to MarketFactory aggregator
New York-based currency hedge fund FX Concepts has moved its automated market data and execution activity to an aggregation platform developed by FX technology vendor MarketFactory.
FX Concepts transacts up to 3,000 orders a day in foreign exchange, and had previously used Thomson Reuters Dealing Aggregator, based on the AthenaFX platform. After conducting a proof-of-concept with a number of vendors in 2012, the fund began using MarketFactory's technology exclusively in mid-January.
The switch
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