IFX Markets improving IFX Direct

IFX Markets, the non-bank primary market maker, is making improvements to its web-based IFX Direct forex trading platform, including major upgrades to the back and middle office elements of the already completely automated platform.

First Published by e-Forex News: January, 2003

IFX Markets, the non-bank primary market maker, is making improvements to its web-based IFX Direct forex trading platform, including major upgrades to the back and middle office elements of the already completely automated platform. The platform's application programming interface (API) will be opened up to 3rd parties, providing customisable access to IFX Markets' trading liquidity.
The importance of the new system upgrade is that with access to the API, hedge fund managers and CTAs can have their automatic trading signals lead to automatic deals, which automatically settle. In addition, IFX will offer its liquidity to brokers, to feed their own trading platforms, or to aggregators, who will show IFX Markets as one of several market makers to very large clients. What makes these features unique is the pairing of cash forex with EFPs; and with the new execution flexibility, IFX is well positioned to offer prime brokerage facilities.