Forex is definitely one of the most liquid markets in the world and hence, while forex trading; traders often look out for deep liquidity as this makes their job simpler. The interbank liquidity market actually derives the liquidity across several levels and therefore the participants can get access to a liquidity that goes well with their individual trading strategies. Does not matter if the trading is done in high or low frequencies, but access to the correct liquidity pools is extremely important when it comes to forex trading.
One of the largest financial institutions in the world, Citi has decided to partner with ThinkLiquidity and they will be jointly offering CitiFX Tradestream through the proprietary bridge of ThinkLiquidity and the risk management product. Incidentally, ThinkLiquidity was established in the 3rd quarter of last year and it provides risk management solutions for the forex brokers. The company specializes in supplying technologies that maximize the revenue and those are constructed in house. The risk management products supplied by ThinkLiquidity are designed by the risk managers or traders as the company believe that technology should always adapt to the trading firms.
The Managing Director of ThinkLiquidity, Jeff Wilkins, stated that Citi is trusted throughout the world and its reputation is quite high in the market as well. He added that as a member of ThinkLiquidity, he feels proud to have associated with a company of this caliber. Jeff also stated that the pricing and execution of ThinkLiquidity is already good, but, the client focused relationship management is something that they expect Citi to bring on the table. The risk management solutions as part of this partnership will be helping brokers to focus on the forex trading in a better way, as hope expressed by Jeff.
The Global Head of Margin Forex Trading Department of Citi, Alex Knight stated that they are pleased to partner with a key vendor such as ThinkLiquidity and therefore they will be able to provide a one stop solution to their mid-market foreign exchange brokers.
CitiFX Tradestream, incidentally, provides the mid-sized institutions with a way to access the aggregated liquidity from some chosen liquidity suppliers. This process does not need a third party technology or any sort of engagement with a primary broker. At the iFXEXPO to be held in Macau, both Jeff and Alex are expected to speak more on this partnership.