Currency Investment Technologies ULN experiences record growth in Q1 2017

The Currency Investment Technologies Unique Liquidity Network (ULN) continued to see record volumes as 2017 began. The company reported that Q1 2017 volumes in their ULN network were 217% of the volumes seen in Q4 2016. This is due in part to the expansion in the number of unique liquidity providers available on the network to over 25. The company has also begun to offer its customers access to a number of underserved market currencies such as the South African Rand, Russian Ruble, CE3 currencies and the full suite of Scandinavian currencies.

The number of unique takes connected to the ULN increased by more than 20%. This increased participation and volume growth has led to compressed spreads which has helped to generate more interest in the Currency Investment Technologies ULN from the market as a whole.

Available currencies

The Currency Investment Technologies ULN offers API integration with the majority of third-party technology vendors.As of Q1 2017, the platform can now be accessed on the following platforms and others:

  • 360T
  • FXall
  • Fastmatch
  • LumeFX
  • EBS

A further expansion in API support is planned for Q2 2017 and details of the newly supported services will be released in due course. The ULN offers clients fully disclosed true relationship pricing with both full amount and aggregated execution. Customers using the platform have access to better liquidity with better pricing. The API makes it possible to integrate the service into the trading platforms in use at banks, brokers and buy-side firms.

Q2 and beyond for Currency Investment Technologies

Karl Rosenblatt, the Co-Founder and President of Currency Investment Technologies has high hope for the company’s prospects following a quarter of excellent growth. He stated, ““We are able to provide our customers access to ULN currencies with spreads compressed by 50% or more as compared to prices on other venues. FX has always been and will continue to be a relationship-driven industry. Given the increased focus on TCA and best execution, one-to-one relationship pricing is the best way to ensure that liquidity providers are quoting for business they want to win, which ultimately benefits both sides of the transaction”

The dedicated team of Currency Investment Technologies FX liquidity managers distribute detailed and highly transparent analytics to both makers and takers on its Unique Liquidity Network. Currency Investment Technologies also works with a number of credit solutions, including prime brokers and credit intermediaries to help counter-parties bridge credit challenges in the marketplace.