Blackwell Global, the Cyprus-based FX and Precious Metals broker, has adopted MaxxTrader as its preferred trading platform for margin FX and precious metal products for its retail clients.
MaxxTrader was developed and implemented under a white-label (WL) agreement with FlexTrade Systems Inc. The company specializes in developing trading platforms for equities, foreign exchange and listed derivatives. According to FlexTrade, its solutions are currently used by 175 institutions across the financial services industry.
Liquidity Constraints in 2021 – What is the Best Path Forward?Go to article >>
The specialized platform also caters to institutional requirements such as transaction cost analysis via built in tool FlexTCA, which offers real-time and historical transaction cost analysis in trading global equities, FX, as well as derivatives for portfolios and single stocks. MaxxTrader also allows traders to analyze the performance of standard, algorithmic and strategic trading over time, thus helping to accurately identify the statistical performance of a trading strategy.
To coincide with the platform’s launch, Michael Chai, CEO of Blackwell Global said: “We’re confident that the new partnership with FlexTrade is a big step forward in strengthening our trade executions, offering clients access to better prices and deeper liquidity.”
Manish Kedia, Managing Director of FlexTrade Systems in Singapore added, “With MaxxTrader and FlexTCA, Blackwell Global’s clients will experience a comprehensive platform that will aggregate, analyze and facilitate trading spot currencies in the global markets as well as precious metals.”
The unique selling point of MaxxTrader emphasized by FlexTrade is the platform’s ability to allow dynamic “order taking directly from client to client, directly with the trading desk, or back-to-back with all liquidity providers.”
FlexTrade has been designed to allow institutions to privately aggregate and issue price information to the markets and to clients with aggregated liquidity from more than 50 banks, ECNS and exchanges. MaxxTrader also provides Blackwell Global with “Admin Monitor” functionality that gives the broker the ability to “create, monitor and manage real-time trading activity (both GUI and API) through a single interface.”