Edgewater Markets, a provider of foreign exchange and precious metals optimisation software, announced this Tuesday that it has launched EdgeFXLatam, a platform that offers streamed price technology for local participants in Latin America.
Edgewater Markets is a provider of electronic forex workflow management solutions. The company has adapted its proprietary technology specifically for the Latin American markets to optimise trading and expand distribution.
According to a statement released by the company, the platform integrates the local markets with the wider FX industry and therefore, allows banks to automate and optimise transaction flow with local clients.
Commenting on the new platform, Robert Sanchez, Head of Latam Markets for Edgewater Markets said in the statement: “We are excited to be able to offer a solution exclusively for Latam market participants.
“The product has been designed in conjunction with our clients and local partners to fully address the unique requirements of each market, while providing the tools and distribution services needed to extend the local market capabilities into the global NDF marketplace.”
The solution has been customised for each local marketplace. It has been built to be convenient for traders, providing manual interaction with pricing and hedging strategies.
“We were able to leverage the flexible architecture of our proprietary software to deliver a solution quickly and effectively, that can be further customized to adapt to each client’s unique needs, brand and workflow,” added Brian Andreyko, Edgewater’s Chief Product Officer in the statement.
“We are committed to partnering with our clients, enabling them to increase and optimize their trade flow utilizing the best technology available to transact their business.”
Edgewater posts uptick in precious metals volumes
Today’s news follows on from Edgewater Markets recently announcing that it had recorded solid trading volumes for its precious metals product line for the first half of 2020.
As FortuneZ reported, Edgewater Markets executed $500 million worth of spot gold and silver volumes daily in H1 of 2020. This increase was driven by the company’s expanding low latency matching engine, market-making software and front-end execution system.