NEW YORK, September 12, 2017 —TradingScreen Inc, (TS) a leading industry provider of multi-asset electronic trading solutions recently launched BidFX, an EMS designed for the $5 trillion daily FX market. The platform matches the proven SaaS based technology from TradeSmart with the ability to connect to all liquidity provided by Banks, non-Banks and ECNs.
“In response to client feedback and a growing market need, we saw an opportunity to accelerate the growth of our time-tested TradeSmart solution with the FX trader in mind,” said TS CEO, Pierre Schroeder. “FX traders worldwide now have access to a fully neutral FX EMS that can openly source liquidity and deliver on best execution requirements all from the same screen or API.”
Jean-Philippe Malé, CEO of BidFX said, “BidFX demonstrates a precision of service unparalleled in our industry. From the ease of implementation, custom algo development and flexibility to handle large orders by using different trading protocols – BidFX delivers regulatory and operational alpha throughout the entire trade workflow.”
Malé continued, “We are thrilled with the positive response the market has shown BidFX as evidenced by growth in platform adoption and volume which has doubled year to date including a record month in August. This is especially impressive considering certain segments of the market experienced a contraction over the same period.”
Additional features of BidFX include embedded data aggregation and analysis to meet today’s TCA needs. Across the entire trade workflow, clients can access Pre-Trade predictive models, In-Trade benchmarking and Post-Trade synopses.
Varghese Thomas, Chief Strategy Officer of TS, said, “BidFX will operate as a wholly owned subsidiary of TS powered by its global cloud platform including 7 data-centers which offer key regional co-location. Existing TradeSmart customers will seamlessly transition to the new cutting edge system being developed by BidFX and benefit from full integration between TS-EMS and BidFX.”
TradingScreen Inc. (TS) is the leading expert in SaaS-based technology for financial markets. We believe technology shouldn’t be something you work with – it should be something that works for you. Our technology improves market access, reduces connectivity costs, fully automates workflows and increases trading efficiency. TS delivers electronic trading, investment management solutions, and a global network to the financial marketplace – anytime, anywhere, to any asset class. Our “Follow the Sun” support is designed to provide market access around the clock, on any market. For more information visit: www.tradingscreen.com
BidFX is a TS company – the market leading provider of electronic trading solutions for the global financial marketplace.
BidFX has addressed challenges of the FX market head on by introducing a complete suite of negotiation protocols which include Autorouting, Streaming, RFS, Voice and Algos via a cloud- based FX solution incorporating best-execution. Clients have access to cutting edge execution management, encompassing a complete suite of negotiation tools and a hub to all major banks Algo suites. Our TCA solution features Pre-Trade predictive models, In-Trade benchmarking and Post-Trade synopses. BidFX fulfills the ideal as the one truly multi-asset, broker-neutral EMS in the marketplace today. For more information visit: www.bidfx.com
For a demo of the platform, please contact:
Thomas Mullooly +1 212 359 4100
Alan Dweck +65 6499 9800
Roger Lee +44 (0)207 149 3100
Or by email: email@example.com
585 820 7617 (m)
585 396 3100 (o)