Scandinavian bank SEB has become the newest liquidity provider for BidFX, an EMS designed for the daily FX market.BidFX head of Nordic Sales, Peter Bondesen, says: “The increased interest in our advanced EMS from Nordic financial institutions means greater demand for specialised, local liquidity. Many of our global clients have also requested SEB as a counterparty to provide bespoke liquidity both through streaming rates and RFQ”.
SEB Head of e-FX distribution, Carolina Trujillo, says: “We are excited that becoming a liquidity provider on BidFX is enabling us to extend our reach and both follow existing clients as well as get access to new clients. As the leading liquidity provider in Scandinavian currencies, we want to be able to reach out to a wide variety of clients and offer access to our unique flow franchise.”
BidFX CRO, John McGrath, says: “It’s great news to announce SEB is now live on BidFX. With such demand across our range of clients for SEB it will further enhance the liquidity on offer to our institutional clients both in the Nordics and around the world. We look forward to working closely with them, and other Liquidity Providers, to ensure we keep business as normal as is possible in these tumultuous times.”
