KX boosts KX Flow the foreign exchange trading platform

By Joy Dumasia

KX announced enhancements to KX Flow, its foreign exchange trading platform. The upgrades help financial institutions better manage market risk, with a new automated capability to optimize position and hedging strategies. Additional pricing and connectivity improvements further optimize pricing streams and enhance flexibility.

New auto hedging capabilities extend hedging logic based on trade and position size and realized, unrealized, and total P&L per book. Risk can now be organized into multiple books, each with its positions and hedging rules.

The announcement also includes support for Rolling Books, Settled Books, new order types such as TWAP, Peg and Stop orders, and a function to close all workflows at any point in time. Additional pricing and connectivity improvements include:

• New tier spot pricing allows for different mark-ups depending on which multi-bank portal is utilized. At the same time, support for Request for Stream (RFS) and Executable Streaming Pricing (ESP) optimizes transactions for these trading styles.
• Increased 3rd party connectivity gives financial institutions access to a range of Multi Bank Platforms (MBPs) such as LSEG FXAll, Bloomberg FXGO and Deutsche Börse 360T. No matter which channels banks need to reach their clients through in the increasingly fragmented FX marketplace, KX Flow provides a one-stop-shop to enable client connectivity via MBP’s, direct API, or white-label HTML5 GUI across banks, non-bank LPs and leading ECNs.

Rich Kiel, Global Head of FX Solutions, KX, says: “With the new KX Flow auto hedging capabilities, financial institutions can better control their risk through comprehensive rules-based position management tools that allow them to dynamically analyze and update pricing and risk profiles in real-time. Aligning this with KX’s market-leading pre and post-trade analytics provides real-time, intelligent insights enabling our clients to achieve better execution while reducing risk and optimizing their profitability.”

KX technology for continuous real-time intelligence is part of First Derivatives plc, a group of data-driven businesses that unlock the value of insight, hindsight and foresight to drive organizations forward. The Group operates from 15 offices across Europe, North America and the Asia Pacific and employs more than 2,500 people worldwide.