FXall adds liquidity providers

FXall will announce the addition of four new liquidity providers to its platform today, the multi-bank trading portal told RiskNews ’ sister publication FX Week .

Commonwealth Bank of Australia, Fortis Bank, Svenska Handelsbanken and West LB will provide automated pricing to the platform. It brings the total number of FXall’s liquidity providers to 43. A further 12 banks have signed up to provide liquidity but are not yet live.

Peter Coad, global head of trading and product management at Commonwealth Bank of Australia, said joining FXall would allow its clients to trade foreign exchange more efficiently.

Lars Henriksson, head of treasury sales at Svenska Handelsbanken, added: “By joining FXall we will now be able to promote our service in majors and scandies [Scandinavian currencies], as well as emerging currencies, to a tremendous client base.”