Interbank prime of prime solutions provider CFH Clearing today announced the launch of a new liquidity service “ClearConnect.”
The news comes on the heels of an earlier announcement by CFH Clearing that it has chosen BNP Paribas SA (EPA:BNP) as its new FX prime broker.
As its name suggests, ClearConnect enables institutional clients to easily ‘connect’ to an array of FX Liquidity Providers via their Prime Broker and direct Bank relationships.
Through ClearConnect, clients get access to bespoke price feeds of their choice from a number of liquidity venues including Tier 1 Banks, MTF’s and ECN’s such as Hotspot and Currenex. They can open an account with CFH on a collateralised margin basis or with an existing PB setup.
“This really bucks the trend where clients have found it increasingly difficult to maintain or enter the PB space due to increased capital requirements, trading conditions and costs. ClearConnect is an ultra-easy and cost effective way to access a diverse pool of liquidity that can be tailored to best suit the needs of the client’s underlying business and trading style,” says Nick Mortimer, Head of Prime Brokerage and Clearing at CFH Clearing.
CFH clients can access ClearConnect liquidity via numerous channels; API, multiple platform interfaces including ClearPro, ClearWeb, Tradable, NetStation, ClearVision and third party providers such as MT4 and OlfaTrade’s SFX.
CFH Clearing is an interbank prime of prime solutions provider for small and medium sized institutional clients and is one of the largest interbank STP venues in the market, with more than 400 institutional clients in over 80 countries. CFH Clearing is authorized and regulated by the Financial Conduct Authority (FCA).