Regional banks beef up FX pricing tools

TraderTools’ PriceOn tech enables regional banks to internalise FX flows similar to top-tier dealers

Pricing tool

TraderTools, a foreign exchange trading technology provider, is looking to help regional banks fend off larger players by enabling them to automate pricing and increase internalisation rates.

Foreign exchange spot trading volumes have increasingly become concentrated among top-tier banks, largely due to their operational scale and high ratio internalisation engines. But instead of trying to compete with the major dealers and their algorithmic execution desks directly, some regional banks are

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As electronification spreads into new areas of FX trading, banks are under pressure to digitise more of their offerings to remain competitive. The race is now on to automate pricing, trading and hedging in areas such as non-deliverable forwards, swaps…

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