'MilanFX' Targets Block Trading
FX TRADING TECHNOLOGIES
NEW YORK—Trading technology vendor Flextrade has started beta-testing its block foreign exchange (FX) transaction platform, dubbed MilanFX, officials tell sibling newsletter FX Week.
The vendor becomes the first to roll out a block trading venue for FX and employs a dark pool of liquidity.
Officials at spot broker EBS and ECN LavaFX from Lava Trading are considering similar initiatives, as market participants search for ways to offset large positions with minimal market impact. Flextrade's MilanFX
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