Commerzbank Adds Algos to BidFX

SGX’s BidFX has announced that Commerzbank has made its five FX algorithmic execution strategies available on the platform.

“Commerzbank welcomes the opportunity to increase our electronic distribution of our FX orders service on BidFX,” says Nickolas Congdon, head of e-trading services at the bank. “This allows us to continue to provide advanced technology, unique liquidity and analytics to our mutual clients.”

Rory Sheen, head of sales for Germany, Austria and Switazerland at BidFX, adds, “As buyside market participants continue to increase their usage of FX algos to source the best liquidity and execute efficiently for their end investors, Commerzbank’s algo strategies are a welcome addition to the BidFX algo hub.”