Lava launches LavaFX
Earlier this year, Lava Trading launched its electronic foreign exchange product suite, LavaFXTM.
Earlier this year, Lava Trading launched its electronic foreign exchange product suite, LavaFXTM. The new offering has generated significant interest in the FX community, with major banks and financial services providers signed on to use LavaFX. The product suite aggregates multiple sources of liquidity, including single bank and multibank portals, together with direct customer orders, into a live dealable Central Limit Order Book. Accessible via an intuitive desktop user interface or through a FIX API for model and program traders, LavaFX provides complete market data and depth of book and allows posting of bids/offers with Lava's sophisticated, proprietary order instructions. Users can trade on live streaming prices, and comprehensive full real-time trade information.<br>
"Any participant in the foreign exchange market, from sell-side global banks, multi-national corporations and hedge funds, to program traders and asset managers, can realize the benefits of LavaFX," said David Ogg, Head of LavaFX. "LavaFX users will get greater pricing transparency, liquidity and aggregation of disparate pools of FX liquidity, along with increased trading efficiency.