KX Enhances White Label FX Platform
Posted by Colin Lambert. Last updated: June 30, 2021
KX has unveiled enhancements to its white label FX platform KX Flow.
The enhancements include a new automated capability to optimise position and hedging strategies, as well as additional pricing and connectivity improvements to further optimise pricing streams and increase flexibility.
New auto hedging capabilities extend hedging logic based on trade and position size, as well as on realised, unrealised and total P&L per book and risk can now be organised into multiple books, each with their own positions and hedging rules. These rules can be configured in real-time using a range of order types and smart order routing for optimised execution and profitability.
“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 analyse and update pricing and risk profiles in real-time,” says Rich Kiel, global head of FX solutions, KX. “Aligning this with KX’s pre- and post-trade analytics provides real-time, intelligent insights enabling our clients to achieve better execution while reducing risk and optimising their profitability.”
Additional 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 are also part of the upgrade. New tier spot pricing allows for different mark-ups across different multi-bank portals, while support for request for stream and executable streaming pricing optimises transactions for these trading styles, the firm says. Additionally, taker markup enhancements add flexibility to how financial institutions can electronically add margin to client pricing requests.