FXCM and Credit Suisse base FastMatch on CS's Crossfinder.
It seems as though the Forex ECN business is getting crowded. At a time when incumbents such as Hotspot FX, FXall and ICAP-EBS are having a tough time growing volumes, we recently saw new entrants crop up, including traFXpure (backed by France's Tradition) and MoltenFX. Today comes news that FXCM and Credit Suisse are introducing a new business called FastMatch, which will be based on Credit Suisse's existing Crossfinder matching engine, used primarily today for equities.
For more details see LeapRate's Forex Industry News at leaprate.com.
