FXall
| Company type | Subsidiary |
|---|---|
| Industry | FX market, Money market |
| Founded | 2000 |
| Headquarters | New York, NY , US |
Area served | Worldwide |
Key people | Phil Z. Weisberg (Chairman and CEO), John W. Cooley (Chief Financial Officer) |
| Services | Electronic communication network, Algorithmic trading, Straight Through Processing |
| Owner | Thomson Reuters |
| Website | www |
FXall (FX Alliance Inc) is a foreign exchange aggregator providing electronic trading to banks and brokers using an electronic communication network with headquarters in New York. The company provides electronic trading in the foreign exchange market to institutional clients using straight through processing. Clients include active traders, asset managers, corporate treasurers, market makers, broker-dealers and prime brokers. The company has been a subsidiary of Thomson Reuters since 2012.
History
FXall began operations in 2000 as a dealing platform for a consortium of 16 banking institutions, each owning between three and five percent of the company. By 2003 it had grown to having trading volume of $9bn overtaking its main rivals.[1]
In 2012 the company was acquired by Thomson Reuters for $625 million.[2]
See also
References
- ^ "Currenex loses chief executive Mirek". Financial News. January 16, 2003.
- ^ "Thomson Reuters to buy trade platform FXall for $625 million". Thomson Reuters. July 9, 2012.