London, UK – 13th July, 2015. R5FX, the emerging marketplace for local market FX trading, today announced the successful completion of its first Brazil, Russia, India and China (BRIC) trades. The London FinTech start-up is now in beta testing, prior to launch later this year.
R5FX is expected to stimulate growth in the trading of Emerging Market currencies, as the market migrates from being largely voice traded to a transparent and efficient screen-based market, providing deeper liquidity and increased capacity. Volumes traded in the spot FX market grew significantly due to the adoption of e-commerce, and the launch of R5FX will help to drive similar market growth, by bringing the trading of Emerging Market currencies to a wider audience.
Upcoming MiFID regulation on leverage ratios requires FX trading banks to review their trading channels, making centralised trading models more attractive for Emerging Market/NDF currency pairs. By operating a central credit model, R5FX provides credit efficiency, enabling clients to reduce the number of credit lines required to trade the growing volumes in Emerging Market currencies.
“R5FX continues to make buy lexapro escitalopram online significant progress, and I am happy to announce that we have successfully completed a number of BRIC beta test trades, ” said Jon Vollemaere, CEO of R5FX. “Our New World Interbank marketplace is the result of over 400 product requirement meetings globally, which have driven our whole proposition, from the technology and platform design, to market structure innovation and new trading models.”
The “New World” platform brings together best-of-breed technology with a customisable user interface, resulting in a scalable marketplace, built entirely to customer design that supports a variety of order types and execution methods.
R5FX is the emerging marketplace for eNDFs and EMFX, which focuses on leading the market evolution from voice to screen in BRIC and EM currency trading. It adheres to upcoming regulation that requires FX trading banks to change their trading channels for the BRIC and other emerging market/NDF currency pairs. R5FX provides a faster, more efficient, regulatory alternative for institutions wanting to benefit from ‘FX trading in the New World’.
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