Liquidity management service provider OptimX Markets has partnered with BMO Capital Markets to bring the firm’s institutional algorithmic trading flow to institutional buy-side trading desks in European markets.
BMO will now offer a range of trading opportunities tailored to their institutional client base through OptimX.
“BMO has been at the forefront of delivering cutting-edge trading technology to its global clients,” said Peter McStay, head of OptimX EMEA.
“We are thrilled to partner with a leading European broker and are eager to expand this collaboration across global markets in the near future.”
The two firms noted that the strategic partnership meets increasing demand from institutional traders for a centralised technology that provides improved access to significant liquidity.
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“We welcome the opportunity to expand our partnership with OptimX and deliver an opportunity to help facilitate blocks for our institutional clients,” said Mike Green, managing director, chief operating officer, EMEA electronic trading at BMO Capital.