FG Solutions International has formed a new ABS trading desk in North America to expand service offerings for investors and traders.
The new trading service is in addition to its existing brokerage trading services and will utilize a proprietary electronic platform for real-time online price allocation to all their clients in North America, according to the firm’s press release issued today.
FG anticipates that this electronic trading system will noticeably improve the pace and simplicity at which investors access ABS price information, which includes the firm’s own price records.
FG Managing Director for Structured Products Division Charles Axberg said, “Our new trading service is in accordance with the escalating demands and requests for asset-backed securities and in order to complete this service offering, we utilize the highly sophisticated technology to distribute key price makers in the asset-backed securities.”
Axberg also said that the expansion reinforces "our business leadership in North America” and stressed the importance of providing a “series of lectures and other education resources” to their traders.