New FX Liquidity Hub From Tullet Division

It will provide Chapdelaine FX clients with market distribution capabilities, which include client access via application programming interfaces (APIs), proprietary and third-party graphical user interfaces, electronic crossing networks and exchanges.

"We are excited to be partnered with Chapdelaine FX to introduce a liquidity service based on direct market access and underpinned by effective liquidity management," says John Beckert, managing director of First Derivatives. "This solution enhances the trading experience for both liquidity providers and clients. As well as servicing Chapdelaine FX's franchise, the liquidity solution provides instant compatibility with financial services firms using the Delta Flow platform for the purposes of establishing maker/taker liquidity relationships."

Chapdelaine FX has further enhanced its agency desk model by providing clients with aggregated rates from top liquidity sources via its liquidity hub. First Derivatives' clients also benefit from access to a network of Chapdelaine FX's client base.