FXall

FX Alliance Inc
Subsidiary
Industry FX market, Money market
Founded 2000 (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.com

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

  1. ↑ "Currenex loses chief executive Mirek". Financial News. January 16, 2003.
  2. ↑ "Thomson Reuters to buy trade platform FXall for $625 million". Thomson Reuters. July 9, 2012.
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