NEW YORK, Dec. 06, 2016 (GLOBE NEWSWIRE) -- FastMatch, Inc., a financial technology company focusing on foreign exchange trading, announced today that its proprietary algorithmic and transaction cost analysis (TCA) services are available to all subscribers.
The FX market has seen a significant rise in the use of algorithmic execution. FastMatch has been offering algorithmic trading to asset managers via its AgencyFX product for the past 18 months to satisfy this increasing demand. FastMatch is now announcing that its algorithmic and TCA products and services are available to all subscribers. Clients using FastMatch algorithms will receive automated TCA reports upon completion of their orders showing the algorithmic execution performance versus arrival price, FastMatch midpoint and other benchmarks. FastMatch midpoint is calculated by the platform every millisecond and transparently published to all market data consumers allowing them to independently verify FastMatch TCA reports.
“Asset managers have been successfully using FastMatch’s algorithms for over a year and a half. Now FastMatch will offer these algos to everyone,” said Dmitri Galinov, CEO of FastMatch, Inc. "There are two significant differentiators of FastMatch algorithms versus other providers. First, FastMatch operates an ECN where liquidity for algorithmic execution is customized to provide minimum spreads and minimum market impact. Second, FastMatch algorithms rely on proprietary patent-pending flexible matching logic for execution. Flexible matching is a sophisticated order routing system that prioritizes liquidity providers based on their price, historical fill rates, response times and market impact for every trade."
ABOUT FASTMATCH
FastMatch is a financial technology company focusing on foreign exchange trading. FastMatch develops and operates trading platforms concentrating on both the sell-side and buy-side market segments.
FastMatch operates a highly successful Electronic Communication Network offering its customers access to large pools of diversified liquidity at unparalleled speed with complete transparency in the optimal location.
The FastMatch ECN is based on the state-of-the-art technology that gives FastMatch an incredible speed advantage and has the capability of handling thousands of clients simultaneously. Clients include retail brokers, institutions, asset managers, banks, hedge funds, and proprietary trading firms.
AgencyFX is a buy-side focused product, providing a safe, reliable way to trade with institutional and retail FX clients. Liquidity is enhanced with algorithmic trading technology to minimize information leakage, and lower execution costs. AgencyFX allows users to demonstrate to investors that their execution choice is in line with industry best-practice.