FXCM adopts Traiana NetLink
FXCM has decided to use Traiana NetLink to consolidate the thousands of small deals transacted on its platform prior to processing in its liquidity providers’ back offices. The service is now live with three banks; FXCM intends to use it in the coming months to process up to 300,000 tickets per day with more of its counterparties. The company says it is hoping for ticket compression ratios of 95% or more.
“The huge volume of ticket growth coming from our small retail customers has put real pressure on our dealer clients to process the tickets in their back office. We wanted a single-ticket netting solution for our clients,” says Drew Niv, FXCM’s chief executive.