Media & Industry News

BidFX Algo Hub continues to see growth, adds ANZ

6 September 2023

BidFX welcomes ANZ; newest algo liquidity provider on the FX platform.

NEW YORK / LONDON / SINGAPORE, September 6, 2023 –  BidFX, an industry leading EMS designed for the $7.5 trillion daily FX market, is pleased to announce that ANZ, a leading provider of financial markets solutions across Asia, has joined BidFX as their newest Algo liquidity provider.

BidFX CRO, John McGrath, commented, “ANZ has a unique position in the eFX market in terms of its liquidity franchise and we have seen strong demand from our sophisticated institutional clients for ANZ Algo’s on BidFX. We are thrilled to have them go live on the BidFX platform and offer clients unique liquidity from their franchise”.

By choosing ANZ for FX Algorithmic execution clients can enjoy:

  • Liquidity: Tap into the FX Market with ANZ’s superior access to unique liquidity pools.
  • Internalisation: Access ANZ’s exceptional Australian dollar, New Zealand dollar and Asian franchise, leveraging the Bank’s strong credit rating and risk appetite.
  • Risk Management: Hedge FX exposures while meeting reporting obligations with transaction cost analysis (TCA).
  • Flexibility: Parameters that can be defined and controlled, including timing, price, and chosen strategy, all with prevailing market conditions.

ANZ Head of eFICC Luke Marriott said: “ANZ is pleased to collaborate with BidFX, bringing our FX Algorithmic execution offering to the BidFX Algo Hub. We see synergy in bringing our unique AUD, NZD and Asian franchise to our mutual clients throughout Asia and across the globe.”

About BidFX

BidFX, an SGX Group company, is a cloud-based provider of eFX trading solutions for global buyside institutions – Delivering customised liquidity in all FX products from partner banks, non-banks and ECN’s providing broker-neutral and cutting-edge execution management services. BidFX offers a complete suite of negotiation protocols and a hub to the algo suites of all major banks featuring best execution capabilities. Its Liquidity Provision Analytics (LPA) and advanced TCA solutions feature pre-trade predictive models, in-trade benchmarking and post-trade synopses.
Founded in January 2017, BidFX has over 200 of the world’s largest banks, hedge funds, corporates and asset managers currently connected to its platform.

About ANZ

ANZ Institutional provides an extensive network of banking specialists and experts spanning more than 30 markets around the world, including an on-the-ground presence in more than 10 markets across Asia. ANZ Institutional supports local and global businesses looking to capitalise on the movement of money and goods across Asia Pacific and beyond. Building on a proud banking heritage spanning over 180 years, ANZ is one of Australia’s largest listed companies and an international bank with a unique footprint.