Edgewater Markets

About Edgewater Markets

Edgewater Markets, founded in 2009 by Skovran Schreder and Alessandro (Alex) Scarsini, operates as a financial technology provider specializing in foreign exchange (FX) and precious metals markets. The founders leveraged extensive backgrounds in the FX industry to establish the firm; Scarsini previously held senior roles at Deutsche Bank, Merrill Lynch, and Barclays, while Schreder serves as the CEO. The company began as an FX agency desk in New York City and has since expanded its global footprint with offices in London, Singapore, Mexico City, and Santiago, among others. A significant milestone occurred in March 2016 when Edgewater secured a $30 million minority investment from FTV Capital to enhance its technology and fuel international growth.

The firm's core business revolves around providing electronic FX trade execution and liquidity aggregation services to an institutional client base that includes banks, asset managers, hedge funds, brokers, and high-frequency traders. Edgewater's business model is described as conflict-free, meaning it does not trade against its clients or sell their data. Instead, revenue is generated through service fees, which can be waived if clients meet certain minimum trading volume thresholds, a model designed to align the company's success with that of its clients.

Edgewater delivers its services through a proprietary technology stack built from the ground up. The main product offerings are EdgeFX, a platform for liquidity aggregation and smart order routing, and EdgeFX Custom, which allows for the creation of white-label, custom-branded trading platforms for clients. These systems provide access to a global network of liquidity, including in emerging markets like Latin America and Asia, and support trading in spot FX, non-deliverable forwards (NDFs), and precious metals. The technology is designed for low-latency performance and can be integrated via API into clients' existing front and back-office systems. In August 2023, the company secured a license from the UK's Financial Conduct Authority (FCA), enhancing its regulatory standing and ability to serve clients in the region.