Alior eyes corporates with new FX platform launch

Abstract

Poland's Alior Bank is planning to launch a single-bank foreign exchange trading platform for corporates later this year, following the success of a retail FX electronic communication network (ECN) it launched in mid-2011, officials at the bank have said. Alior's retail ECN, known as Alior Trader, was the first ECN to be offered by a bank in Poland and was created using technology from Integral and PFSoft, with Barclays as its prime broker. By the end of 2011, the platform was generating $1 billion in peak daily volume.