Russell Investments’ RFX Network Connects to the Charles River Network


FTSE Russell – Russell Investments’ RFX Network is now a certified end point on the Charles River Network Service, expanding RFX Network’s real-time connectivity to the global financial community.

RFX Network, Russell Investments’ end-to-end trading solution for the buy-side community, features executable streaming prices, advanced netting, client-to-client matching and allocation of FX transactions. It is designed to help institutional investors including asset managers minimize currency exchange tracking error. This addresses industry concerns about the London fix and also allows institutional investors to trade at non-fixing times. The Charles River Network supports electronic trading via the FIX messaging protocol to over 600 global liquidity venues including brokers, multi-broker trading venues, crossing networks, broker algorithms, program desks, dark pools, smart order routers, ECNs, and ATSs.

Joseph Hoffman, director, global head of currency for the investment services group at Russell Investments, said of the development: “Connecting to the secure, reliable Charles River Network is an important milestone for RFX Network. We’re very pleased that Charles River Network participants can now access what we believe to be the next step in the evolution of FX trading for the investment community.”

RFX Network allows buy-side firms to automate execution of complex trade lists with an advanced solution that combines internal netting within an investor’s trading portfolio with external matching amongst the larger buy-side community. RFX Network combines three technology solutions — powerful internal netting capabilities, an FX facility that matches customer interests at the midrate, and advanced trading algorithms  — into a comprehensive FX execution service. Participants can benefit from advanced netting, process automation and best execution while minimizing market impact of their orders. Investors can place orders electronically into RFX Network or have Russell Investments’ process them on their behalf. Fixing orders are matched with other investors, while any unmatched residual is executed by a trading algorithm that mimics the fixing process to minimize tracking error.


For more information on RFX Network visit: https://russellinvestments.com/us/solutions/institutions/investment-implementation/currency-management/rfx-network

Related articles

  1. With Alison Hollingshead, Chief of Staff, Trading Platform & Core Technology, and Sam Ratcliff, Head of Execut...

  2. More than a decade since the last upgrade, it’s time for FIXatdl version 1.2 to ship.

  3. Buy-side firms can integrate technology to improve the infrastructure of multi-asset trading desks, AMP Capita...

  4. Buy side needs consolidated liquidity on a single platform.

  5. The platform's capacity and level of control won over the hedge fund.