Edgewater’s flagship technology EdgeFX adds Request for Quote feature.
NEW YORK / LONDON / SINGAPORE — October 10, 2023 — Edgewater Markets LLC, a leading provider of innovative forex trading solutions and execution services, is proud to announce the launch of its Request for Quote (RFQ) trade execution service. This exciting addition to Edgewater’s product lineup promises to transform the way our clients execute their trades, offering a new level of efficiency for executing large and unique order flow.
This is a revolutionary technology release in the foreign exchange market. Edgewater is the first technology firm on the street that has anonymous RFQ with credit intermediation, connecting clients globally via RFQ to the real liquidity inventory, local to the emerging market country of that currency in Latin America, the Middle East, and Asia.
The foreign exchange market is known for its liquidity, but also for its complexities, and Edgewater has been at the forefront of delivering cutting-edge solutions to meet the evolving needs of our clients. With the introduction of the RFQ, Edgewater continues its tradition of innovation, empowering traders with a powerful tool to enhance their forex trading experience and profitability, with unblemished performance.
Key Features of Edgewater’s RFQ Product incorporate:
- Customization: Traders can direct their order flow for their specific requirements, including order size, trade parameters and risk management preferences. This level of customization empowers traders to execute trades that align with their strategies and objectives with the marketplace.
- Competitive Pricing: Edgewater’s RFQ service connects traders to a network of top-tier liquidity providers, ensuring competitive pricing and access to deep local and regional liquidity. This competitive edge allows traders to obtain the best possible quotes for their forex trades with no market impact.
- Efficiency: The RFQ product streamlines the process of obtaining quotes and executing trades, reducing the time and effort required for order execution, moving the process from phone and chat to modernized execution that is reliable and efficient.
- Anonymity: Edgewater recognizes the importance of anonymity with our clients trading experience. As a conflict free partner, our clients can trade without the risk of data mining to trade in a skew safe manner.
Edgewater’s RFQ connects traders to top-tier local inventory liquidity providers to ensure best pricing and access to deep local and regional liquidity with no market impact. This competitive edge helps traders obtain the best possible forex trade quotes for both small and large block transactions.
The streamlined RFQ process reduces time and effort for order execution compared to phone and chat, enabling reliable and efficient modernized trading. Edgewater also recognizes the importance of anonymity for client trading.
Edgewater Chief Product Officer Brian Andreyko said: “At Edgewater Markets, we are dedicated to delivering solutions that empower our clients to trade how they see fit, accommodating their unique order and trade flow. Our RFQ product represents a significant milestone in our mission to provide traders with the tools they need to succeed in the forex markets. EDGE FX RFQ offers the market differentiate value, and we are excited about the possibilities this best-of-breed product offers and the positive impact it will have on our clients’ trading strategies, delivering quantifiable value to their franchises”.
About Edgewater Markets LLC: Edgewater Markets LLC is a leading provider of foreign exchange trading solutions, serving institutional clients worldwide. With a commitment to innovation, transparency and customer success, Edgewater Markets delivers cutting-edge technology and services designed to empower forex traders and enhance their trading experience.
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Disclaimer: This press release is for informational purposes only and does not constitute an offer or solicitation to buy or sell any financial instrument or product. Foreign exchange trading carries a high level of risk, and traders should carefully consider their objectives and risk tolerance before participating in forex markets.