By delivering anonymous, low-latency access to multi-bank, multi-asset liquidity, Today Markets presents a compelling alternative to the single and multi-bank RFQ and ECN models currently available to institutional traders.
The Today Markets model takes the competitive, multi-bank elements of RFQ platforms and combines them with the low latency transparency and anonymity of ECNs servicing traders seeking consistent, interbank liquidity powered by robust, real-time market data.
Recent refinements, such as the Full Order eXecution block order trading mechanism, are gaining the attention of hedge funds, asset managers, commodity trading advisors (CTAs) and corporate treasuries.