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ANZ add new currency pricing, auto-hedging and order internalization strategies

ANZ brokers can now perform both algorithmic trading and cross-venue smart order routing with new capabilities that include pricing, auto-hedging and order internalization strategies, all of which automatically serve up and respond to the best prices in the market using the Progress Apama FX Aggregation solution. They also expanded from 10 currency pairs to covering 52 pairs.

Using the Apama FX solution alongside ANZ's in-house pricing system, the bank will initially stream high quality executable quotes to the FXAll and 360T platforms, and add additional venues over time. ANZ is also planning to aggregate precious metal prices, delivered from single bank platforms, and provide quotes direct to customers.

ANZ is in the first stage of a global deployment of the Apama FX e-Commerce solution, which will include deployments in London and New York over the coming months. The Progress Apama FX Aggregation solution is currently in use by ANZ in Sydney and Melbourne, Auckland, Singapore, London and New York.

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