New FX trading technology platform BlueX has announced its official go-live, having executed its first production trades.
The development follows BlueX being granted its licence by the Jersey Financial Services Commission (JFSC).
The platform offers trading tools and workflow automation, providing global institutional market participants versatile and efficient trading solutions.
BlueX offers the integration of third-party applications directly into its trade flow. This interconnected ecosystem claims to simplify execution and make decision-making easier for traders, with data and analytics built into every trade.
“By combining advanced core platform features with third-party trading tools directly into the end-user workflows, BlueX delivers a unique value proposition that sets it apart from other execution management systems,” said Graham MacGregor, chief executive of BlueX.
“Optimising execution decisions, while supporting flexibility and customisation, is central to our mission.”
To deliver its platform’s capabilities, BlueX has developed a number of strategic partnerships, including the integration of critical trade data from Tradefeedr; the sole regulated FX benchmark price feed for spot and forward trades from New Change FX; and the facilitation of rapid onboarding of liquidity providers through Lucera.
Owned by BlueCrest Capital Management, BlueX uses technology and systems that have been developed and tested over the years by BlueCrest, with trillions of dollars executed.
“Requests from demanding BlueCrest traders, combined with partnerships with best-in-class data and analytics providers, have led, over many years, to an optimised, robust trading tool supporting trillions in FX yearly,” said Manuel Aranzana, head of systematic trading at BlueCrest.