Manhattan-based Marco Polo New World, which specializes in emerging and frontier markets, reports that it has spent the past year upgrading its infrastructure to create a “foundation on which to extend the breadth of its service offerings.”
The first result of the infrastructure upgrade is MPFX, a “matching engine and user interface [that] allows clients to trade directly via a screen or to consume an FX [foreign exchange] data feed to get access to the highest quality liquidity and tightest spreads available in the market. By providing direct access to the markets, Marco Polo ensures it is a neutral facilitator for its clients, providing them with extremely competitive rates and reduced execution costs.”
MPFX “connects clients to virtually all of the available liquidity in the market — from foreign local broker firms, global banks, non-bank liquidity providers and ECNs [electronic communication networks],” the company says, and it streams “more than 45 spot and non-deliverables forwards (NDFs) currency pairs.”
Marco Polo also notes that when a trade is initiated, “it is immediately offset with the best execution possible. The credit counterparty is Marco Polo’s prime broker, providing complete anonymity and minimizing counterparty risk.
“Clients value the combination of the plug-in solution with Marco Polo’s custom tailored services, so that they can configure specific interfaces to meet their unique business requirements and proprietary trading styles,” the company says.
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