Foreign exchange traders can now find more centralized liquidity via direct market access these days.
Marco Polo New World is now offering traders a new matching engine and user interface that allows traders to execute orders directly via a screen or to consume an FX data feed to get access to the highest quality liquidity and tightest spreads available in the market. By providing direct access to the markets, Marco Polo acts as an agency-only facilitator for its clients, providing them with extremely competitive rates and reduced execution costs.
Once a trade is initiated, it is immediately offset with the best execution possible. The credit counterparty is Marco Polo’s prime broker, providing complete anonymity and minimizing counterparty risk.
Based on a single point of access, MPFX connects clients to virtually all of the available liquidity in the fx market – from foreign local broker firms, global banks, non-bank liquidity providers and ECNs (electronic trading platforms).
The system provides market information on more than 45 spot and non-deliverables forwards currency pairs. Also, MPFX covers all currency pairs electronically.
