Crédit Agricole CIB (CACIB) is adding Siege FX MidPool as a new liquidity provider, a move which it says will facilitate matching between buyside institutions. Guillaume Carreno, Global Head of Electronic Client Connectivity, Global Markets at CACIB, says that the new FX spot liquidity source, Siege FX MidPool will be available within CACIB’s aggregated liquidity, as well as a separate customised session where clients would only access this liquidity pool, reducing market impact and information leakage. “This additional feature will increase clients’ ability to customise their algo order execution,” he adds.
The suite of highly customisable algorithmic execution strategies offered by CACIB on the major multi-dealer platforms also includes the XTX Execution Algo, which according to the bank is a unique implementation shortfall execution algorithm that seeks to reduce overall slippage to arrival price. To assess execution quality and offer suitable benchmarks to clients, CACIB says it has also partnered with BestX and Tradefeedr.