The execution management system of TradingScreen’s execution management system BidFX as added as its newest FX liquidity provider Skandinaviska Enskilda Banken, it was announced today.
The BidFX execution management system provides trading solutions electronically for the global financial market place and through the use of its suite of negotiation protocols, addresses the challenges of the FX market. This is accomplished through Streaming, Autorouting, Voice and Algos and Voice via its cloud-based FX solutions.
Addressing the interest in its products, Head of Nordic Sales at BidFX, Peter Bondesen said: “The increased interest in our advanced EMS from Nordic financial institutions means greater demand for specialised, local liquidity. Many of our global clients have also requested SEB as a counterparty to provide bespoke liquidity both through streaming rates and RFQ,”
Based in Stockholm, Skandinaviska Enskilda Banken is a Swedish financial group that caters to institutions, private clients and corporate customers. Its services are mostly related to mainly banking services, but include a large volume of operations directing towards life insurance.
Enhancing Liquidity to Institutional Clients Through BidFX’
The Head of e-FX distribution, Carolina Trujillo spoke about the recent addition to BidFX stating: “We are excited that becoming a liquidity provider on BidFX is enabling us to extend our reach and both follow existing clients as well as get access to new clients. As the leading liquidity provider in Scandinavian currencies, we want to be able to reach out to a wide variety of clients and offer access to our unique flow franchise.”
In addition to Trujillo’s comments, John McGrath, the BidFX CRO,stated “It’s great news to announce SEB is now live on BidFX. With such demand across our range of clients for SEB it will further enhance the liquidity on offer to our institutional clients both in the Nordics and around the world. We look forward to working closely with them, and other liquidity providers, to ensure we keep business as normal as is possible in these tumultuous times.”