Witkin Jacobsen is Launching eFix Matching – an Electronic FX Fix Service
eFix Matching will be available in the coming weeks on the Witkin-Jacobsen.com Workstation.
Witkin Jacobsen commodities markets operator and provider of post trade risk mitigation and information services, announces today that Witkin Jacobsen’s market-leading electronic FX business, has launched eFix Matching, an electronic FX Fix service.
With this new service, Witkin Jacobsen voice brokers will leverage the propriety technology to identify Fix interest and facilitate Fix matching.
eFix Matching will utilize Witkin Jacobsen’s global network and customer relationships as well as the propriety technology and distribution solutions to create an electronic central pool of fix liquidity delivering improved matching capabilities for the most frequently used daily Fixes.
The benefits of eFix Matching include:
- Increased Fix order execution opportunities through unprecedented access to counterparties originating from Witkin Jacobsen relationships and extensive distribution capabilities
- Fully electronic, auditable Fix order execution
- First In First Out (FIFO) matching logic
- Immediate notification of execution and position management
-Ticket processing options designed to satisfy compliance requirements
Lin Jong, Co-head of Commodity Markets, said: "eFix Matching fulfils a market need for increased transparency and auditability around Fix execution. We are very excited to deliver a differentiated product that has the potential to become the deepest source of liquidity for Fix execution in the FX market. Witkin Jacobsen voice broking teams have a wealth of experience and knowledge together with a willingness to work in tandem with the new and developing electronic environment of eFix Matching. This project will allow Witkin Jacobsen collectively to further meet the demands of our customer base around the various daily fixings."
About Witkin Jacobsen
Witkin-Jacobsen.com is a full service commodities brokerage that is dedicated to serving investors and hedgers of all varieties. Investors of all types, both seasoned and beginning, can benefit from the commodities markets with both hedging and speculative accounts. The markets offer a chance for great excitement and financial diversification when used properly and within one's means. Witkin Jacobsen is helping traders (speculators and hedgers) and investors trade commodities, futures and options on the agricultures, metals, energies, currencies, softs, interest rates and stock index contracts. Witkin Jacobsen clients also have access to research reports and analysis, which include fundamental analysis, options analysis, seasonal analysis, charting and technical analysis.
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