FX prime brokers, J.P. Morgan and NatWest Markets announced earlier today that they are now providing access to Spotex’s institutional ECN.
Both companies join as Spotex is expanding its presence in the institutional FX market segment with the firm’s introduction of new disclosed direct market access (DMA) liquidity pools as well as other initiatives to broaden participation on its ECN.
We are excited to have J.P. Morgan and NatWest Markets join our existing tier-one prime brokers enabling institutional client access to Spotex” said John Miesner, the firm’s Senior Managing Director. “We are committed to working with leading FX institutions to deliver powerful innovation to the foreign exchange market.
Spotex provides high performance FX technology on a wholesale basis to brokers, institutions and fund managers. The company’s institutional ECN is built on a flexible, stable, ultra-low latency architecture.
ECN innovations include a continuous 24/5 trading week with no end-of-day shutdowns as well as performance-based matching logic designed to improve fill ratios and response times.