{"id":44117,"date":"2013-11-13T08:30:12","date_gmt":"2013-11-13T13:30:12","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=44117"},"modified":"2013-11-13T08:30:12","modified_gmt":"2013-11-13T13:30:12","slug":"exclusive-ex-jp-morgan-lawyer-david-andrews-launches-atom8-new-ecn-london","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/13\/exclusive-ex-jp-morgan-lawyer-david-andrews-launches-atom8-new-ecn-london\/","title":{"rendered":"Exclusive: Ex-JP Morgan Lawyer David Andrews Launches Atom8, A New ECN in London"},"content":{"rendered":"<p>Even in today\u2019s very high technology international environment, London remains synonymous with established, large scale and traditional financial institutions whose history often dates back to the industrial revolution.<\/p>\n<p>As electronic trading made its entry into the financial markets, the major industry participants in London were large and well-capitalized, and quickly encompassed institutional FX client bases, liquidity provision to FX firms and the foundation of dedicated service providers to the FX industry.<\/p>\n<p>It is therefore a point of interest when a new ECN with a different ethos to that of the establishment enters such a market which is populated by giants, today\u2019s launch of Atom8 being a case in point.<\/p>\n<p>Atom8\u2032s official launch today also follows the line of thinking which is emerging among a number of newly established firms, that London is a highly attractive location, despite the high operating costs and immense competition. Last month, a number of retail FX firms also headed to London in order to establish European operations, even after having been granted a CySec license,\u00a0<a href=\"http:\/\/forexmagnates.com\/on-second-thought-newly-minted-cysec-licensed-firms-renounce-regulation\/\" target=\"_blank\">eschewing the Cypriot bridge to Europe<\/a>\u00a0facilitated under MiFID\u2019s passport option immediately in favor of the security of London\u2019s financial district.<\/p>\n<p>Regulated by the Financial Conduct Authority, Atom8 defines itself as a technology-focused ECN FX and spread betting broker which places an emphasis on automation.<\/p>\n<p><strong>Algorithmic Toolkit<\/strong><\/p>\n<p>As part of the firm\u2019s interest in technological development, Atom8 arrives on the market with its new Atom8 Trader Pro trading platform which is licensed from a software firm, which facilitates FX, CFD and spread betting as is often the case in the UK, however it also provides an algorithmic toolkit allowing institutional and private traders to interact in the same market.<\/p>\n<p>The company has been co-founded by David Andrews who has assumed the position as CEO, and previously served as a commercial lawyer at JP Morgan where he worked within the cross-asset exotic OTC and securitized derivatives legal team.<\/p>\n<p><a href=\"http:\/\/forexmagnates.com\/wp-content\/uploads\/2013\/11\/Andrews_photo.jpg\"><img loading=\"lazy\" decoding=\"async\" alt=\"Andrews_photo\" src=\"http:\/\/forexmagnates.com\/wp-content\/uploads\/2013\/11\/Andrews_photo.jpg\" width=\"294\" height=\"392\" \/><\/a><\/p>\n<p>David Andrews, CEO, Atom8<\/p>\n<p>Speaking on the launch of the new ECN, Mr. Andrews confirmed to Forex Magnates that Atom8 will provide spread betting with raw spread, as well as FX\/CFD accounts, free automated algorithmic coding services for private clients, as well as customizable multi-currency PAMM facilities, FIX API and an anonymous multi-API-configured ECN access for institutions, with low latency connectivity.<\/p>\n<p>Mr. Andrews considers that the new platform is intended to provide substantial enhancements to traditional liquidity arrangements for both institutional investors and private traders, and allows clients to place orders directly into the ECN pool, essentially acting as a market maker themselves, thus avoiding paying the spread.<\/p>\n<p>Atom8 currently offers up to 50 currency pairs, as well as gold and silver, with spread only or commission only accounts, which can be traded via the desktop, as well as mobile and tablet-based platforms.<\/p>\n<p><strong>Spread Betting \u2013 Without The Spread<\/strong><\/p>\n<p>\u201cAtom8 aims to be the broker that popularises and democratises automated trading in the UK and abroad. Its technological superiority and desire to see its clients succeed in the challenging FX market should make Atom8 a natural choice for serious traders,\u201d Mr. Andrews explained to Forex Magnates today.<\/p>\n<p>\u201cOur ability to create a bespoke client offering based on market-leading execution, liquidity, pricing and FX-focused trading platforms will make our platform the only one clients will want or need.\u201d<\/p>\n<p>\u201cThe practical difference for traders is palpable. ECN raw spread spread betting for UK clients and free automated algorithmic coding services are some of the revolutionary services Atom8 already delivers to its UK and international client base,\u201d concluded Mr. Andrews.<\/p>\n<p>&nbsp;<\/p>\n<p>Posted by\u00a0<a title=\"View all posts by Andrew Saks McLeod\" href=\"http:\/\/forexmagnates.com\/author\/andrew-saks-mcleod\/\">Andrew Saks McLeod<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even in today\u2019s very high technology international environment, London remains synonymous with established, large scale and traditional financial institutions whose history often dates back to the industrial revolution. As electronic trading made its entry into the financial markets, the major industry participants in London were large and well-capitalized, and quickly encompassed institutional FX client bases, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/13\/exclusive-ex-jp-morgan-lawyer-david-andrews-launches-atom8-new-ecn-london\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Exclusive: Ex-JP Morgan Lawyer David Andrews Launches Atom8, A New ECN in London&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-44117","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=44117"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44117\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=44117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=44117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=44117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}