Sucden Financial joins TrueFX Clearing Member Network
Sucden Financial, a leading global multi-asset execution, clearing and liquidity provider, has joined the TrueFX Clearing Member (TCM) network to support clients as they access liquidity on the network.
Launched earlier this year, the TCM network allows buy-side firms to access liquidity on TrueFX from leading market makers without an intermediary. Clients of TrueFX have the option to clear through Jefferies FXPB, the central credit counterparty for TrueFX, or open an account with a TCM and gain access.
"We are pleased to be joining the TrueFX network as a clearing member and offer our clients access to this service with valuable connectivity to the marketplace. TrueFX is an exciting development for the FX market and we are proud to demonstrate our commitment to this initiative," said Wayne Roworth, Co-Head of eFX at Sucden Financial.
"Having Sucden Financial join the TrueFX Clearing Member network greatly enhances the offering available to clients and allows TrueFX to service many more segments of the buy-side community," said Harpal Sandhu, CEO of Integral and technology provider for TrueFX.