FastMatch slashes rates

New fee schedule takes effect on March 1, as the platform aims to double its market share this year

Dmitri Galinov: "With a cut in price we should be able to achieve that doubling of volume"

Foreign exchange trading platform FastMatch is slashing its top rates by 50% and offering free trading for volumes above $3 billion a day in an aggressive move to double its market share this year, FX Week has learned.

The new fee schedule, which takes effect on March 1, spans several of its offerings, including clients using central clearing counterparty services to port fees to disclosed trading.

"It is reasonable to expect us to double our volumes and, obviously, customers react very well to

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