FXall (FX Alliance Inc) is a foreign exchange aggregator providing

electronic trading In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products c ...

to banks and brokers using an

electronic communication network An electronic communication network (ECN) is a type of computerized forum or network that facilitates the trading of financial products outside traditional stock exchanges. An ECN is generally an electronic system that widely disseminates orders e ...

with headquarters in New York. The company provides electronic trading in the

foreign exchange market The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspec ...

to institutional clients using

straight through processing Straight-through processing (STP) is a method used by financial companies to speed up financial transactions by processing without manual intervention (straight-through). It was developed for equities trading in the early 1990s in London for auto ...

. Clients include active traders, asset managers, corporate treasurers, market makers, broker-dealers and prime brokers. The company has been a

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

Refinitiv Refinitiv is an American-British global provider of financial market data and infrastructure. The company was founded in 2018. It is a subsidiary of London Stock Exchange Group after a US$27 billion sale from previous owners Blackstone Group LP ...

since 2018.

History

FXall began operations in 2000 as a dealing platform for a consortium of 16 banking institutions, each owning between three and five percent of the company. By 2003 it had grown to having trading volume of $9bn overtaking its main rivals. In 2012 the company was acquired by

Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre. Thomson Reuters was created by the Thomson Corpora ...

for $625 million. After Thomson Reuters sold a majority stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP in 2018, the new business, now called

, became the owner of FXall.Thomson Reuters unit to be renamed Refinitiv after Blackstone deal
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References

{{reflist Foreign exchange companies Thomson Reuters