Baxter–FX: BAXTER-FX operates one of the worlds most competitive and liquid ECNs for trading Spot-FX. BAXTER-FX believes that innovation, market knowledge, and technical expertise are the keys to enhance customer service. Combining over 15 years of specialized experience in these areas, BAXTER-FX is able to offer the highest standard of institutional FX trading to all market professionals through proven trading functionalities. BAXTER-FX's responsive culture and expertise in currency markets enable a simple strategy: develop ultra efficient trading models according to the customer's environment and needs. By working closely with its customers and partners, BAXTER-FX's Research and Development is helping to deliver trading solutions for the FX markets.
Currenex®: Currenex provides a comprehensive suite of FX and money markets trading tools for the buy and sell sides; executable streaming prices, request for streams, benchmark trading and complete prime brokerage functionality with fully-integrated pre- and post-trade processing services. Founded in 1999, Currenex offers corporate and institutional buyers and sellers in the FOREX and money markets reliable, low-cost and secure electronic access to the trillion dollar global FOREX market. Currenex provides its services to the following types of clients: Corporations, Leveraged Funds, Institutional funds, Hedge Funds, Institutional & Proprietary Traders. Currenex provides a suite of award-winning services and comprehensive, unrivalled integration capabilities with custom-built and third party trade and settlement systems, complete FOREX trading and workflow processing solutions to hundreds of clients, worldwide. Currenex is independently operated. As such, it is committed to serving the full trading spectrum represented by its clients and maintaining efficiency and choice within the FOREX and money markets. A unique combination of independent ownership, market expertise and client-focus enables Currenex to continue to deliver innovative solutions and to leverage Internet technology to align the commercial interests of buyers and sellers, equally.
EBS: EBS is the world's leading provider of foreign exchange trading and data solutions to thousands of trading professionals and organizations. Launched in September 1993 by a visionary partnership of the world's leading market making institutions, EBS offers unparalleled reliability and access to currency markets through a variety of innovative and user-friendly solutions. Combining global access with technological expertise, EBS offers an unparalleled combination of innovative and user-friendly technology together with superior client service and support. EBS is a client-led, research and technology-driven organization which continually surveys its clients' needs to ensure that EBS delivers the right solutions for the changing needs of the professional FOREX communities. EBS' products offer true added value to the full trade life cycle - from pre-trade, trade and post-trade, EBS offers a comprehensive range of superior solutions. Today the EBS product portfolio enables more than 2,000 traders on 800 dealing floors across the globe to trade an average of USD 120 billion in spot foreign exchange transactions every day.
eSpeedFX: eSpeedFX's patented, innovative technology and matchless features allow institutional clients to tap into the foreign exchange market's massive transaction volume—$1.9 trillion daily. Leveraging the first-ever real-time international settlement system — Continuous Linked Settlement (CLSTM), eSpeedFX has introduced a matched principal marketplace with BGC Partners as the central counterparty. This enables institutional clients to hedge positions, expand their trading strategy and enjoy unimaginable liquidity in FX. eSpeedFX has fine tuned its powerful processing engines to optimize electronic spot FX trading. Using unique global distribution capability eSpeed is creating FX markets with superior pricing capabilities in all major CLS currencies.
FXall: FXall is integrated to 57 of the world's leading foreign exchange banks. Between them, market makers and service providers offer our clients comprehensive research and post-trade services, as well as the deepest source of liquidity on the market. FXall's high performance network enables provider banks to offer streaming spot and forward prices across more than 180 currency pairs, with minimum latency. More than 700 institutions have joined the FXall platform and trading volumes continue to experience record growth levels - rising by 104% to $4.9 trillion in 2004, up from $2.4 trillion in 2003. Because FXall is relationship-based, banks have more incentive to provide deep liquidity to the platform - meaning that it is faster and easier to execute even the largest transactions. FXall's offices are located in New York, Boston, London, Singapore and Tokyo. FXall is regulated by the FSA and has received an American Institute of Certified Public Accountant's (AICPA) Statement on Auditing Standards No. 70 (SAS 70) report which provides a rigorous independent assessment of FXall's controls. The internationally-recognized SAS 70 report examines, through an independent third-party assessment process, the adequacy of controls surrounding the FXall Trading environment.
Hotspot FXi: Hotspot FX , Inc. is a wholly owned subsidiary of Knight Capital Group with offices in Jersey City, Boston and Chicago USA, London UK, Beijing and Singapore. It operates two forex ECN brokerages: Hotspot FXi (institutional) and Hotspot FXr (retail). The latter is a CFTC regulated futures commission merchant. The primary difference between the two ECNs, aside from regulation, is that forex trades on Hotspot FXi are cleared through a network of FX prime brokers and trades on Hotspot FXr are cleared through the FCM. Hotspot FXr LLC's client funds are held at a major money center bank. In addition, Hotspot FXr has secured a Fidelity 14 Bond. The fidelity portion of the bond is the most important feature. It covers loss caused by dishonest or fraudulent acts committed by employees. The dishonest or fraudulent acts must be committed with the manifest intent to (a) cause the insured to sustain loss and (b) to obtain improper financial benefit for the employee. The bond extends to include loss caused by dishonest employees engaged in trading activity.
LavaFX®: Lava Trading is a technology firm founded in 1999 by three Wall Street veterans that develops high-performance trading solutions for the financial services industry and operates as a Specialized Applications Service Provider (SASP). Lava's team of highly skilled professionals have created one of the fastest large-scale technology rollouts on Wall Street. Lava's technology was the first solution to truly consolidate market data distribution and order execution capabilities across all major liquidity sources, including major foreign exchange banks, Nasdaq, Listed exchanges, ECNs and ATSs. Lava developed a high-speed, proprietary multi-parallel processing software solution that offered direct, dedicated, high-speed connections to all market data sources and order entry systems. The Lava system went live in November 2000, and was fully deployed by early 2001. With its core product suite, the company offered the first system to truly consolidate market data distribution and order execution capability across all available FX liquidity sources. As a cost effective and neutral provider, Lava's foreign exchange solutions are used by leading broker/dealers, including most of the top 20 U.S. investment banks, market makers, hedge funds and institutional investors.
