Start-up brokerage ADS Securities will be using forex solutions provider Integral‘s FX Grid connectivity network for its liquidity distribution, FX Week reports. The firm has developed its application programming interface and is planning to extend its connectivity to specific multibank platforms that accept non-bank liquidity providers.
The Abu Dhabi-based firm is expected to conduct its first trade with an Australian client shortly. Having received a commitment of $400 million from a syndicate of private investors, ADS Securities started operations in March 2010. The brokerage covers foreign exchange, precious metals, commodities, futures and options.
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