Question 1

Who can use Siege FX?

Accepted Answer

Siege FX is designed for banks, central banks, as well as other institutional clients with a credit facility (prime broker), including asset managers, sovereign wealth funds, corporates. Siege FX is used by 60+ institutional participants and the majority of the top 20 investment banks and asset managers. Siege FX is not available for retail activity.

Question 2

How does Siege FX help reduce market impact?

Accepted Answer

Through our fully anonymous workflow, and participants trade at the independent pre-formed regulated mid-rate from NewChange FX. By keeping trading intentions and participants identities hidden, risk is moved without signalling activity to the wider market.

Question 3

What makes Siege FX different from other FX trading platforms?

Accepted Answer

Siege uniquely combines 3 factors: Firstly, participants are carefully selected ensuring all orders are passive in nature. Secondly, all matches are struck at the regulated, non price-forming mid-rate from Newchange FX and lastly, to protect our clients' valuable business, Siege guarantees participant anonymity before, during and after the trade.

Question 4

What is real passive liquidity and why does it matter?

Accepted Answer

Real or genuine liquidity is typically derived from hedging of other market activities order flow, as opposed to speculative fast money or high frequency. This type of liquidity is highly sought after in the market. Passive liquidity is resting trading interest from participants waiting to be matched at mid instead of interacting with quoted bid and offer prices.

Frequently Asked Questions

Who can use Siege FX?

How does Siege FX help reduce market impact?

What makes Siege FX different from other FX trading platforms?

What is real passive liquidity and why does it matter?

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