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Author: James Rundle
Source: Buy-Side Technology | 06 Jan 2012
Categories: Trading Technologies and Strategies
Topics: Techforeign exchange
Plugin will provide STP and autohedging capabilities.
ActForex has announced that INTL FCStone has licensed its ActTrader platform.
FCStone's plugin provides ActTrader brokers with auto hedging and straight-through processing (STP) functionality for specific times, client deals or currencies.
ActForex recently launched its FXApps software for users of mobile devices, providing a componentized approach to its platform. US-based FCStone will be accessible as a liquidity center on a global basis for users.
"As a prime brokerage company having a liquidity relationship with twenty-two of the world's largest financial institutions, adding the ActForex platform to our lineup of trading solutions was a logical choice," says Joseph Conlan, global head of FX Sales at FCStone. "We look forward to working with them."
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