During 2012, CitiFX completed the integration of their TradeStream solution into the MetaTrader 5 platform, leading to a number of brokers successfully deploying the combined solution.
The primary function and purpose of CitiFX’s Tradestream product is that it allows middle sized organizations to access aggregated liquidity offered by different liquidity providers without having to engage a third party forex firm or a prime broker for price aggregation.
Citi is regarded as one of the market’s major liquidity providers, however CitiFX TradeStream also aggregates liquidity from other providers in the market as a way of ensuring that they avail the best pricing to their customers with the best liquidity depth.
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All the trades executed on the platform are directed to providers of liquidity on an STP basis as there is no dealing desk. Citi‘s first spot as a leading institution for electronic FX business is cemented by its low latency technology whereby cross connect solutions are easily implemented as and when required.
Alex Knight, head of Citi’s FX Margin Trading business said: “All brokers are looking for access to high quality liquidity that is delivered to them by a provider with strong credentials in a manner that is simple and efficient. The market is telling us that CitiFX TradeStream meets these requirements, and we are thrilled that our integration with Meta Trader 5 is delivering the results that we hoped for.”
“MetaQuotes has been developing and adding functionality into MetaTrader 5 to strengthen the operational efficiency of brokers. CitiFX being one of the first integrations for liquidity for MetaTrader 5 has been a breakthrough liquidity solution and a popular choice for many of our brokers”.
MetaQuotes COO Gaies Chreis explained: “We are always aiming to deliver the most efficient all-in-one business solutions to our clients through our trading technologies that enhance both: the quality of trading services and business opportunities for the brokers. The native integration of the MetaTrader 5 Platform with the CitiFX TradeStream solution has blended well into this philosophy and has already been the choice of many brokers seeking for a quality liquidity solution.”