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

electronic trading Electronic trading, sometimes called e-trading, is the buying and selling of stocks, bonds, foreign currencies, financial derivatives, cryptocurrencies, and other financial instruments online. This is typically done using electronic trading plat ...

to banks and brokers using an

electronic communication network An electronic communication network (ECN) is a type of computerized forum or network that facilitates the trading of financial products outside traditional stock exchanges. An ECN is generally an electronic system accessed by an electronic trad ...

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. By trading volume, ...

to institutional clients using

straight through processing Straight-through processing (STP) is a method used by financial companies to speed up financial transactions by processing without manual intervention. Background Straight-through processing exists in numerous areas of financial services, such as ...

. Clients include active traders, asset managers, corporate treasurers, market makers, broker-dealers and prime brokers. The company has been a

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

Refinitiv LSEG Data & Analytics, formerly Refinitiv, is an American-British global provider of financial market data and infrastructure. The company was founded in 2018 as a subsidiary of Thomson Reuters, which then sold a 55% stake to Blackstone Group L ...

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.

Acquisition

In 2012 the company was acquired by

Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational corporation, multinational content-driven technology Conglomerate (company), conglomerate. The company was founded in Toronto, Ontario, Canada, and maintains its headquarters at 1 ...

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

Blackstone Inc. Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman ...

in 2018, the new business, now called

, became the owner of FXall.

References

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External links

FXall Official WebsiteDigital Currency ExchangeFX Daizen
Thomson Reuters Foreign exchange companies

History

Acquisition

See also

References

External links