FXall has gone live with Accelor, a next-generation foreign exchange ECN for all professional market participants. Accelor combines anonymous ECN functionality with technical architecture and market data for professional FX traders. The solution is now live with the first wave of participants and is currently being rolled out to the market, which includes banks, hedge funds and asset managers. The company claims the system supports a variety of trading styles and execution methods, and offers a wide range of advanced order types. Its matching engine has been architected for minimal latency, with orders acknowledged within three milliseconds and filled within 20 milliseconds. FXall say that orders are processed according to transparent business rules, ensuring equal access for all participants. This is backed up by comprehensive market data – including depth of book, completed trade information and historical data.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
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