The Challenge:  

Existing FX Aggregation solutions and Multi Dealer Platforms do not provide the best rates available in the market. Choosing an FX Taker solution presents two main challenges: generally, the technology is outdated, resulting in slow executions of >300ms from price distribution; and the FX systems use generic pricing streams, preventing the LPs from customizing the liquidity available to the customer.

• Old, slow technology performs poorly during market events and can’t provide the latest pricing, forcing LPs to widen their prices.
• Generic liquidity means that pricing is based on your "worst" trading, and does not allow for a truly customized experience.
• Advanced features such as AI/ML, LP analytics, and advanced execution behaviors are simply not available.

The Solution:

Quod FX Taker, originally designed for cutting-edge sell-side executions, combines advanced performance with dedicated deployment (customizable liquidity) and the latest features available to global banks.

• Highly customized liquidity. Individual LP pricing relationships per currency per trader. It is possible to specify which price stream is used per currency for individual traders or clients. This protects the LP and your spreads. There are no wholesale/shared liquidity streams, so you can have confidence knowing the price is customized for you and you alone.
• High-performance trading of <1ms ensures the best price trade after trade. There are no performance issues under high load or during market events. Use advanced features to auto-select liquidity or trading behavior based on real-time market conditions to achieve the best outcome.
• Advanced functionality including algorithms, Smart Order Routing (SOR), and end-to-end automation, as well as low latency trading and advanced data management, allows value to be gained in bringing your brokerage or fund into the 21st century, compared to your legacy technology. Quod uniquely provides scalable microservices, GenAI, and ML workflows and functionality that is 5-10 years ahead of your current vendor.

Quod Financial's solution is available on a Fixed Cost or Sell-Side Charging model and can be implemented quickly and integrated easily with existing solutions.

The Benefits:

The overall benefits of this solution are:

• Easy multi-LP aggregation and execution
• Tighter spreads and improved executions during normal trading and market events
• Improved LP relationships and the ability to monitor spreads and performance over time