Reactive Markets Adds 15 LPs

Reactive Markets, provider of Switchboard, a cross-asset trading and price streaming network, have added 15 liquidity providers, including, the firm says, eight of the top 10 LPs according to the Euromoney survey.

Switchboard is the backbone for institutional crypto and FX liquidity, providing the infrastructure to allow LPs to distribute prices to large numbers of clients. It is the first open and transparent liquidity network for Crypto and FX trading, the firm says,where clients can trade on a fully disclosed basis with their relationship LPs at no cost, connecting via a single API of front-end trader desktop. In September 2021 it launched crypto trading, supported by five top crypto LPs.

“As trading firms look to improve their execution quality and drive down costs, we have seen significant interest from clients wanting to use the Switchboard network to trade on a fully disclosed basis, directly with all of the leading liquidity providers at zero cost,” says Phil Morris, CEO of Reactive Markets. “Client demand has already exceeded expectations, and with the leading FX and Crypto liquidity providers now connected our network continues to grow strongly, with a significant number of clients using Switchboard to trade both asset classes.

“Liquidity providers are very supportive, as they benefit from low-cost price distribution using our high performance infrastructure,” he adds.