May 2017, Singapore
Continuing its splendid run of expansion, FinIQ has inked new deals to onboard four more FX derivatives liquidity providers on its platform, taking the total count to nine. This development puts the company at the forefront of the intense competition in the Financial Technology space.
The platform provides a direct link between bank's relationship managers and the leading market-makers, making it more efficient to discover prices, connecting all the dots in-between via a click of a button. In a conventional workflow, a bank RM calls an in-house structurer, who subsequently calls interbank counterparty dealing desk to obtain a quote and then to execute the order. A typical price-to-trade action that involved over 10 hops and took 5 to 10 minutes in the past is now possible within 30 seconds using FinIQ’s fully automated platform. FinIQ's liquidity links are based on industry standard FIX Protocol and are designed to cater to a large-scale operation involving hundreds of relationship managers.