TradAir announced today that it has been selected by FCStone to power its eFX trading offering. A provider of FX liquidity optimization technology and an HTML5 front-end trading platform, TradAir will be providing an end-to-end eFX solution to FCStone.
For TradAir, the deal continues an active period of announcements for the technology provider. Earlier in the year, the firm closed a $15 million round of funding while simultaneously announcing that it had appointed former Currenex CEO Cliff Lewis as the company’s Chairman. Lewis’ arrival was viewed within in the industry as a move to assist the firm in increasing their product exposure within the FX industry, while although a newcomer, they have made a mark with their liquidity distribution technology and HTML5 front-end platform.
On the news, Illit Geller, CEO of TradAir, stated, “We are delighted to partner with INTL FCStone, a true market leader.We look forward to working with them to provide their desks and clients the flexibility of optimized pricing on a global basis, accessible across their existing infrastructure.”
Edgar Ramon, Global Head of FX at INTL FCStone, added, “The TradAir technology will help to make our trading desks more efficient, in a very short time frame, while providing the flexibility to enable us to service our clients across the infrastructure of their choosing. This will consolidate our trade flow, enabling us to optimize pricing and risk.”