FX traders in the Global Markets group of BNY Mellon are now capable of flowing FX orders to the FastMatch® ECN. Based on the matching technology underpinning Credit Suisse’s Crossfinder® offering, FastMatch® has been designed to give traders access to large pools of diversified liquidity at unparalleled levels of speed and pricing transparency. As part of its adoption of ECN-based trading capabilities, BNY Mellon has acquired an ownership interest in FastMatch, joining Credit Suisse Group AG and FXCM Inc. as partners in the venture.
“Participating in FastMatch continues BNY Mellon’s tradition of electronic innovation in the FX space,” said Jorge Rodriguez, executive vice president and global head of foreign exchange sales for BNY Mellon. “With investors increasingly focused on the importance of managing currency risk, we’re committed to putting in place FX service enhancements that will enable us to add even more value to client relationships across the BNY Mellon enterprise.”