FXall, has announced FX PRIME Corporation as a new client on its diverse platforms. As a significant participant in the Japanese FX market, FX PRIME Corporation adds to FXall’s existing top tier client portfolio in Asia. FXall’s volumes in Asia Pacific grew over 22% in the first quarter of 2010, and the new client increases FXall’s existing footprint in the region.FX PRIME Corporation is one of the leading Japanese Broker Dealers and is part of ITOCHU group, a conglomerate comprising 734 companies and 61,000 employees. FX PRIME Corporation now has access to the deep pools of liquidity provided across FXall’s diverse platforms. The liquidity available to FXall clients continues to grow following the recent acquisition of LavaFX from Citi, completed in January 2010.
Phil Weisberg, CEO at FXall, commented: “In Japan, both volume and accounts trading on our system were up 5% in Q1 2010 versus Q4 2009. We look forward to offering a significant player in the Japanese market access to the range of execution methods that meet its sophisticated trading requirements.”