BankingBusiness

Siege FX: Announces the Launch of NetFix

Siege FX: Announces the Launch of NetFix

  • Siege FX Dark Pool provider announced the launch of its new service NetFix
  • This follows the successful first Spot trades which were completed among a group of early participants on 26th July 2022
  • An anonymous mechanism designed to match offsetting fixing orders in advance of the publication of an FX benchmark
  • Providing fully automated session matching, Banks, Asset Managers, Pension Funds and Corporates benefit from earlier access to liquidity
  • Participants remain anonymous connected to a top tier prime broker bank, which acts as a central counterparty for each matched trade
  • In addition to NetFix it has been in production with MidPool since February 2021
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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