FXall (FX Alliance Inc) is a foreign exchange aggregator providing

electronic trading In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...

to banks and brokers using an electronic communication network with headquarters in New York. The company provides electronic trading in the

foreign exchange market The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all as ...

to institutional clients using straight through processing. Clients include active traders, asset managers, corporate treasurers, market makers, broker-dealers and prime brokers. The company has been a subsidiary of Refinitiv since 2018.

History

FXall began operations in 2000 as a dealing platform for a consortium of 16 banking institutions, each owning between three and five percent of the company. By 2003 it had grown to having trading volume of $9bn overtaking its main rivals. In 2012 the company was acquired by

Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre. Thomson Reuters was created by the Thomson Corp ...

for $625 million. After Thomson Reuters sold a majority stake in its Financial & Risk (F&R) unit to private equity firm

Blackstone Group LP Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate b ...

in 2018, the new business, now called Refinitiv, became the owner of FXall.Thomson Reuters unit to be renamed Refinitiv after Blackstone deal
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References

{{reflist Foreign exchange companies Thomson Reuters