NEW YORK--(BUSINESS WIRE)--Seabury Financial Solutions LLC (“FXone”), a subsidiary of Seabury Group LLC (“Seabury”) and a provider of FX liquidity management solutions announced today that the company entered into a Joint Product Offering with Spotex, an innovative FX ECN focused on improving Foreign Exchange trading for both the Buy & Sell Side participants.
The Joint Product Offering will leverage FXone’s established global distribution footprint and Spotex’s unique price aggregation and matching capabilities to expand the companies’ institutional client base while continuing to service the retail brokerage and white label business. Under the agreement, Spotex will integrate FXone’s leading-edge enterprise software applications GUI and Order Management System (OMS) into their market place while FXone will have access to Spotex’s liquidity and execution capability for FX and precious metals, including Asset Manager, Trade Copier and IB management modules.
“We’re very excited to be working with Spotex to deliver an end-to-end FX trading and white label solution combined with an execution capability that spans the globe,” said FXone Chief Executive Officer Margaret L. Chan. “Our companies’ offering will benefit Buy & Sell Side clients and retail brokers looking for better liquidity and a sophisticated white label product with a functional GUI with programmable interface and very flexible order types.”
“Together FXone and Spotex offer a complete end-to-end solution for clients looking to use spreadsheet trading functionality and execute flexible order types on a central limit order book with world-class liquidity,” commented Ritesh Agrawal, Spotex Chief Executive Officer.
Spotex is an innovative FX ECN focused on improving Foreign Exchange trading for both institutions and retail brokers. Spotex developed intelligent exchange technologies that build and apply quantitative metrics to participants based on their trading behavior. www.spotex.com
FXone – Seabury Group’s Trade Execution and Liquidity Management System is built on top of the most advanced technology in the industry. FXone offers a full suite of execution services and Smart Order Routing. Access to any LP is via industry standard FIX API, and the most powerful and flexible GUI in the institutional FX space. www.fxone.com