Sweden’s SEB Merchant Banking has announced it is to provide liquidity to Forexster’s next-generation trading facility. The Forexster platform supports direct order matching, communication of requests and replies to requests for quotes between participants. SEB, its clients and other supporting banks can trade directly as both price-takers and price-makers, while preserving each participant’s counterparty relationships. Commenting on the announcement, Seppo Leskinen, head of Foreign Exchange at SEB Merchant Banking (London), said: ‘The Forexster network has the potential to grow rapidly due to its ease of deployment and the potential benefits the underlying architecture delivers to all participants. Being an early supporter presents profound advantages for SEB.’
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