TrueFX Announces First Trades Completed on Platform

Richard Holman, Head of Prime Brokerage at Velocity Trade said, “Velocity Trade is proud to demonstrate its commitment to TrueFX by executing the first trades on the platform. TrueFX represents an exciting opportunity for many FX market participants through the increased accessibility and transparency it brings.”

FXCM, AxiCorp and Velocity Trade are the first counterparties to trade on venue with leading eFX market makers.

TrueFX today announced it executed the first set of disclosed trades between counterparties on its network. The first trades were executed by FXCM, AxiCorp, Velocity Trade and leading electronic market makers.

TrueFX has been designed to provide all market participants with direct access to FX liquidity through a single point of credit intermediation and technology integration.

Delivered in a cloud environment, its ultra-low latency network can be easily connected to and offers uninterrupted access for market participants around…

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