TraderTools has partnered with Citi’s Prime Finance to offer LightFX, a fully-disclosed, relationship-based FX pricing and aggregation service. The prime-based, hosted service represents a cost-effective alternative to traditional ECNs, which execute FX trades anonymously and charge both liquidity takers and providers. With LightFX, liquidity takers receive relationship pricing at significantly reduced upfront and operational cost. Liquidity providers, which are not charged for the service, deliver full transparency and benefit from the ability to differentiate themselves from their competition. Several liquidity providers have already signed up, enabling more liquidity at more competitive pricing.
TraderTools’ CEO Yaacov Heidingsfeld said, “The market is demanding fully-disclosed, relationship-based pricing and we – and Citi’s Prime Finance – are listening.”