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
