Want to distribute your own liquidity without platform constraints? Here is how! Live from iFXEXPO, Cyprus

Today, at the iFXEXPO International conference in Limassol, Cyprus, the global hub of the retail FX industry, technology and the advancement of relationships between technology vendors, liquidity providers and brokers alike is a very poignant subject. As was very much part of the initial discussions today among senior executives of technology vendors, the need to […]

Liquidity distribution without platform constraints?

Today, at the iFXEXPO International conference in Limassol, Cyprus, the global hub of the retail FX industry, technology and the advancement of relationships between technology vendors, liquidity providers and brokers alike is a very poignant subject.

As was very much part of the initial discussions today among senior executives of technology vendors, the need to be able to connect to universal sources in order to further the connectivity between all components of the industry is on the agenda.

Spotware Systems, developer of the cTrader platform, is about to launch an outbound FIX API solution in order that brokers can distribute their liquidity to other platforms, other brokerages, to traders that can use it in black box algorithms, as well as firms across multi-asset electronic financial services businesses.

unnamed (2)

A very important point that has been raised today is that if a prime brokerage can only distribute its liquidity to broker partners via MetaTrader 4, then it is not able to attain the status of prime of prime, largely because it cannot distribute liquidity outside of a retail platform which is identical to retail platforms in use by end users.

Currently, the solution, which goes under the Spotware Connect brand, is available in demo mode, in order that liquidity providers and brokerages can test its functionality, however the live version is set to be launched in the forthcoming few weeks.

This will allow full functionality to be provided to brokers wishing to become liquidity providers in their own right without having to face the difficulty of competing with retail customers, and will allow the fostering of adaptable liquidity partnerships with specific institutions, traders and brokers.

Here at the iFXEXPO, FinanceFeeds spoke to James Glyde, Business Development Manager at Spotware Systems, who concurred that as the retail FX trading infrastructure continues to emulate that of the institutional sector, and the cost of obtaining credit from banks for many smaller brokerages is increasingly expensive, the demand for obtaining liquidity from brokerages which can supply it via an institutional methodology rather than a retail platform is increasing exponentially.

FinanceFeeds will continue to follow the development of this interesting technological solution to the ever challenging cost of accessing good quality liquidity for retail brokerages.

Featured photograph: James Glyde demonstrates the FIX API connectivity solution at iFXEXPO, Cyprus

Read this next

Crypto Insider, Opinion

Regulation: The Gold-Standard for Crypto-Assets

When the US supervisory authority SEC allowed an investment product referencing Bitcoin futures to be traded for the first time last October, this was widely perceived as a signal that cryptocurrencies had finally become established as an asset class.

Institutional FX

FX volume drops 13pct at CLS Group in April 2022

FX settlement specialist CLS Group today reported that the executed volumes of currency trading on its platforms were notably down in April.

Executive Moves

Solid hires FX industry veteran Darren Barker for multi-bank ECN’s business development

His curriculum vitae includes former roles at Cantor Fitzgerald, Sucden Financial, R.J. O’Brien, Jefferies, Natixis, Unicredit, J.P. Morgan, Raiffeisen, RBS International, UBS, Deutsche Bank, and Citi. 

Inside View

Mihails Safro, xpate CEO: Tips sellers need to know to overcome compliance obstacles

The unprecedented growth of e-commerce changed shopping dramatically last year. Many sellers suddenly faced a rapidly growing number of customers who had to stay home during the lockdown. When some clients adopted Netflix and Spotify as part of a daily routine, others ventured into online business. Robinhood alone saw a whopping 6 million rise in user numbers in 2 months. 

Institutional FX

BMLL delivers Level 3 data to Kepler Cheuvreux for order book analytics and algo performance

The solution covers more than 6.5 years of harmonised historical data from 65 venues and combines it with easy to use APIs and analytics libraries in a secure cloud environment. 

Digital Assets

Crypto Is An Invaluable Tool In The Fight Against Financial Oppression  

Crypto has proven itself to be much more than just a hot investment. Indeed, some say it’s poised to play a critical role in the future of finance

Executive Moves

Parameta appoints Head of Benchmark and Indices with a focus on ESG and rates

The firm said building out its benchmarks & indices offering will now be a core priority, with a particular focus on the ESG and rates space.

Digital Assets

WunderTrading brings automated crypto trading to United States

“Among developed countries, Americans are the heaviest users of cryptocurrencies, with 13% having invested in cryptocurrencies over the past year.”

Retail FX

ACY Securities sponsors child safety and family welfare charity Barnardos Australia

Sponsoring Barnardos will give ACY Securities and its employees an opportunity to do volunteer work through different outreach programs.

<