08.03.2006 10:00:00
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MAREX Financial Selects LavaFX Product Suite
Built upon Lava's leading, proprietary technology core, LavaFXprovides a premier offering in electronic foreign exchange trading. Itoffers a Central Limit Order Book of live dealable prices, full pricetransparency and depth of book, and the ability to place bids andoffers, together with Lava's sophisticated order types. The systemaggregates multiple sources of FX liquidity into a single accesspoint, which can be tapped via the fast, intuitive LavaFX userinterface, or through a FIX API geared towards model and programtraders.
"We are very pleased to partner with a technology pioneer such asLava," said Farooq Muzammal, Head of Foreign Exchange at MAREXFinancial. "Offering access to Lava's comprehensive suite of foreignexchange trading features is in keeping with our commitment to provideMAREX's clients with robust and advanced electronic tradingsolutions."
"We welcome this collaboration with MAREX," said David Ogg, ChiefExecutive Officer, LavaFX. "LavaFX is designed to meet the demandingneeds of institutional FX traders seeking anonymous, high-liquiditytrading destinations. We are confident our fast, reliable andintelligent FX trading solution will prove very valuable to MAREX'sclients."
About Lava Trading Inc.
Headquartered in New York City, with locations in California,Connecticut and the United Kingdom, Lava Trading Inc. is an innovativetechnology firm that develops high-performance trading solutions forthe financial services industry. Lava products are created as true ASPsolutions built to withstand maximum volumes in the most volatileconditions. As a cost effective and neutral provider, Lava's OTC,Listed and Foreign Exchange solutions are used by leadingbroker/dealers, including most of the top U.S. investment banks, aswell as market makers, hedge funds and institutional investors. Withits patented technology and capital markets expertise, Lava createsvalue-added trading solutions that combine speed, intelligence andreliability. Lava is a wholly owned, independently-operated subsidiaryof Citigroup, Inc. (NYSE: C) and member NASD/SIPC. For moreinformation, visit www.lavatrading.com.
About MAREX Financial
MAREX Financial is a newly formed independent financial servicescompany, regulated and authorized by the FSA. MAREX Financial offerstrading services for exchange and non-exchange traded futures andoptions. With operations in London and Geneva, MAREX offers access toglobal exchanges. MAREX has been capitalised with GBP 100 million fromits sole shareholder Marathon Asset Management LLC. Marathon is a NewYork based alternative investment and asset management company withover $5 billion in capital and approximately $11 billion in assetsunder management. For more information, please visitwww.marexfinancial.com.
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