Offering institutions additional ultra-low latency trading access to multiple FX and Digital Markets liquidity pools via a single API
London, New York, Singapore 20 July 2021: Chronicle Software (Chronicle), a specialist provider of low-latency technology solutions for the financial services industry, today announced the expansion of Chronicle FIX connectivity providing simplified access to additional pools of FX and Cryptocurrency liquidity.
In partnership with Reactive Markets, Chronicle now offers their clients out of the box integration with the Reactive Markets institutional trading network, Switchboard. Switchboard gives liquidity takers free, instant access to fully disclosed pricing from a rapidly growing list of FX and Cryptocurrency OTC liquidity providers. Liquidity providers using Chronicle FIX can scale their distribution through Switchboard by pricing to any taker on the network.
The Chronicle FIX low latency engine is used across multiple asset classes including Equity, FX and Cryptocurrencies. This latest FX markets access is in addition to the EBS Live Ultra and Refinitiv SBE connectivity already available through the Chronicle FIX API. Built on the widely-used Chronicle industry library and supportive of all versions of FIX, the fully featured engine achieves outstanding performance and increased speed.
Peter Lawrey, CEO of Chronicle Software, said: “We are delighted to announce our partnership with Reactive Markets and further enable our clients to consume liquidity and execute against all their bilateral liquidity providers with microsecond latency. We continue to see escalating growth in FX, including Cryptocurrencies, with the shift to more institutional trading and resultant requirement for robust trading software with reduced total cost of ownership.”
Phil Morris, CEO of Reactive Markets, added: “Chronicle is a market leader in high performance FIX solutions so we’re excited to offer their clients the ability to trade with all their FX & Cryptocurrency counterparties via Switchboard. There is zero fee for liquidity takers on Switchboard so coupling the Chronicle FIX platform with our cutting edge institutional trading network is a highly cost effective way for clients to trade.”