FX trading technology platform BlueX has announced its official go-live, with the first production trades now executed. This follows the recent granting of its licence by the Jersey Financial Services Commission (JFSC).
BlueX provides a wide range of unique trading tools and workflow automation, offering global institutional market participants versatile and efficient trading solutions. The seamless integration of best-in-class third-party applications directly into the trade flow is central to BlueX’s differentiated approach. This interconnected ecosystem simplifies execution and makes decision-making effortless for traders, with data and analytics built into every trade.
Owned by BlueCrest Capital Management, BlueX utilises technology and systems that have been developed and extensively tested by BlueCrest for many years, with trillions of dollars executed, demonstrating exceptional performance, stability, and reliability. “Inspired by traders, for traders,” the platform brings a new level of efficiency and optimisation to FX trading.
Graham MacGregor, CEO of BlueX, said:
“By combining advanced core platform features with third-party trading tools directly into the end-user workflows, BlueX delivers a unique value proposition that sets it apart from other Execution Management Systems. Optimising execution decisions, while supporting flexibility and customisation, is central to our mission.”
BlueX said it has developed strategic partnerships to deliver its platform’s capabilities:
- Tradefeedr: Integrates critical trade data, allowing clients to evaluate execution costs and expected returns for various strategies on a trade-by-trade basis, significantly enhancing trading performance.
- New Change FX: Offers the sole regulated FX benchmark price feed for spot and forward trades, enabling real-time pre-trade price checks and tolerance checks for auto-execution workflows to ensure precise execution.
- Lucera: Facilitates rapid onboarding of liquidity providers, supporting multiple execution methodologies through a single connection.
Manuel Aranzana, Head of Systematic Trading at BlueCrest, said:
“Requests from demanding BlueCrest traders, combined with partnerships with best-in-class data and analytics providers, have led, over many years, to an optimised, robust trading tool supporting trillions in FX yearly. BlueX’s use of this technology marks an exciting new stage of innovation for the industry.”
CEO MacGregor continued:
“BlueX is focused on building highly functional workflows, seamlessly integrated into the trading environment. Our aim is to simplify execution by embedding data and analytics directly into the trade cycle, optimising broker liquidity selection while guiding users to the most efficient execution methods, leveraging pre- and post-trade transaction cost analysis.
“With the recent granting of our license by the Jersey Financial Services Commission (JFSC), BlueX has the requisite structures in place that the market demands. With the first production trades now executed, I am excited to bring BlueX’s unmatched versatility to market.”
The BlueX platform is designed to provide universal client segment support, offering versatile and adaptable trading solutions to global institutional market participants across the buy- and sell-side, including regional banks, hedge funds, corporates, asset managers, and brokers.
About BlueX
BlueX is an FX workflow execution management system (EMS) providing a streamlined process that reduces manual steps and delays while delivering intelligent analytics for real-time insights, resulting in optimal FX execution efficiency. The platform offers access to major global and regional banks, differentiated non-bank liquidity, and various execution methods, including request-for-quote (RFQ), continuous streaming liquidity, and bank algorithmic execution, across instruments like FX cash, non-deliverable forwards (NDFs), and precious metals. BlueX Limited is licensed and regulated by the Jersey Financial Services Commission.
