Fair Trading Technology (FTT), a financial technology firm, operating in the financial services sector reported that it has formed a technology partnership with retail & institutional FX provider, E-Global. Through the collaboration, FTT connects its T3 Integration Hub to the broker’s current platform, thus enabling greater levels of transparency and quality of execution with interbank counterparties.
The integration enables E-Global to offer a direct non-conflicting STP solution. FTT explained to Forex Magnates at the iFX EXPO in Limassol: “We allow E-Global’s retail and institutional frameworks to connect with each other. In addition, the broker will level the playing field for its users; without hidden markups or extra slippage.”
Tanner Serifler, CTO of Fair Trading Technology, commented on this new deal in a statement: “The teams behind E-Global and Fair Trading Technology go back a long way and share many of the same values in life and in business. Transparency being one of the most profound. This has been a great opportunity to unite our visions into one unique solution and we are very happy for what we have created together with E-Global’s institutional division.”
The two firms have combined their technological efforts to synchronize the tailor-made solution. E-Global’s institutional platform allows users to define the liquidity providers they want to execute with.
Serge Streich, pictured, Managing Director of E-Global Institutional Division, spoke about the new solution in a statement: “The teams of IT and industry professionals behind E-Global and Fair Trading Technology went a long way since the inception of FTT, dedicated a lot of efforts and always shared the same vision and passion to change the industry, making trading truly transparent for everybody. We are fully convinced that this unique solution will substantially improve lives of the traders.”
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Forex4pro is E-Global’s institutional arm, according to the firm’s website it offers a number of features including Level 2 Tick Chart data.
Maris Kalnins, Head of Brokerage and Development at E-Global, commented in the press release: “Technology is the core point of E-Global Institutional Division. Our IT experts hold 8+ years of experience in developing trading systems for leading banks and ECNs and their combined knowledge is behind the launch of E-Global Institutional Division.
We are happy that together with Fair Trading Technology, we have managed to integrate our institutional execution and aggregation model into the market standard trading platform MT4, granting access to E-Global professional reporting and aggregation settings which opens a new era in FX trading.”
FTT has been undergoing a number of strategic changes, and despite the overall hurdles firms face in the crowded FX trading environment, the firm has managed to come out positively, the latest announcement of its collaboration with E-Global highlighting the growth potential in the FX markets. In the firm’s official press release it stated: “Today’s announcement represents a new milestone for Fair Trading Technology.”
Finn Jakobsen, FTT’s COO, spoke to Forex Magnates about the company’s future endeavors, he said: “Things are looking bright for the firm, the latest solution shows how FTT has a wide product reach and we are confident that our T3 Integration Hub will add value to clients during a time when markets are getting tough, we are particularly seeing fragmentation of liquidity in the FX markets.”