FXall Press Release
LEADING CANADIAN BANK EMBRACES ONLINE FX
- The Toronto-Dominion Bank joins FXall as a liquidity provider
- New signing further strengthens FXall’s presence in Canada
- FXall's Canadian dollar volumes up 40% in 2005
13 February 2006 - FXall, the world's leading online foreign exchange platform, today announced that it has signed The Toronto-Dominion Bank, a Toronto-based banking group, as one of its liquidity providers. FXall now has over 60 fully integrated providers, more than any other online FX portal.
TD Bank is one of Canada’s top foreign exchange banks, and a leading global liquidity provider of Canadian dollar currency products. Canadian dollar trading volumes were up 40% on FXall last year, and TD Bank’s participation as a liquidity provider is expected to contribute to further growth both in volumes and client numbers.
Philip Weisberg, CEO, FXall, added: "I am delighted to welcome TD Bank to the growing number of Canadian banks on FXall. Online FX trading is growing rapidly in Canada where there is a continuing need for the most liquid market possible in dollar/Canadian dollar trades. FXall is at the forefront of that expansion."
Peter Mroz, Vice President and Director, Foreign Exchange at TD Bank said: "As one of Canada's leading banks, we supply Canadian dollar liquidity to numerous clients around the world. Joining FXall will enable us to extend our reach and access a significant percentage of the Canadian dollar volumes going through the platform."
About FXall
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FXall is the leading portal for online foreign exchange trading, offering customers foreign currency trade execution, access to research and straight through processing. By combining streamlined workflow, competitive FX prices and a complete audit trail, FXall delivers improved control and cost savings at every stage of the deal lifecycle.
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FXall provides customers with the ability to meet best practice guidelines prescribed by regulatory bodies - for more information visit: http://www.fxall.com/about/BestPracticeFX.pdf
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FXall is an independent company with offices in New York, London, Boston, Tokyo and Singapore.
FXall's services are not intended for, and are not available to, private customers, and are not intended for distribution into any jurisdiction where such distribution is restricted by law or regulation. FXall's services do not constitute investment advice or an advertisement, offer, or solicitation of an offer, for the purchase or sale of any investment, securities or other property, or a representation that any investment, security or other property is suitable for any person.
FXall may act through FX Alliance, LLC (a Delaware, USA limited liability company), FX Alliance Limited (regulated by the Financial Services Authority), FX Alliance International, LLC (ARBN 097 253 640, a Delaware, USA company, members' liability limited).
FXall, Altair, QuickFill, QuickOMS, QuickConnect, and all associated logos, are the trademarks of FX Alliance LLC.
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For further information, please contact:
FXall
Telephone: +44 20 7173 9600
info@fxall.com
Alex Clelland
Penrose Financial
Telephone: +44 20 7786 4866
Mobile: +44 7841 293952
alexc@penrose.co.uk
Nick Bone
Penrose Financial
Telephone: +44 20 7786 4878
Mobile: +44 7909 521293
nickb@penrose.co.uk
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