BidFX welcomes Investec Bank PLC; newest liquidity provider on the FX platform
BidFX CRO John McGrath commented ‘We welcome Investec Bank to the BidFX platform. The addition of Investec’s liquidity and pricing will provide BidFX clients greater liquidity and pricing selection for best execution. We are extremely pleased with the immediate response the industry has shown BidFX. Our impressive ADV growth is a direct correlation to our expanding liquidity provider pool.”
Demitri Theodosiou, Head of FX Trading at Investec Bank PLC commented ‘We are excited to be working with a fast growing platform such as BidFX. Investec hold a niche in the market that gives us an interesting profile in the electronic FX space, particularly in GBP based liquidity and emerging market currencies such as ZAR. We offer competitive pricing through economies of scale and credit reach and look forward to bringing our unique edge to the BidFX client base.”
BidFX, a subsidiary of TradingScreen, is an EMS designed for the $5 trillion daily FX market. The platform matches the proven SaaS based technology from TradeSmart with the ability to connect to all liquidity provided by Banks, non-Banks and ECNs. BidFX has seen rapid growth in 2017 as it redefines the eFX space.