Quotix CEO on Latest Deal With OMF Which Just Selected its Liquidity Aggregator for FX

Quotix, a subsidiary of Spotware Systems – the developer of the cTrader platform –has today announced that New Zealand based OMF, a full service equities, options, futures and FX brokerage, has selected it as a Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term aggregator to support the firms FX and metals platform – the OMF cTrader.

The solution that Quotix provides enables brokerages to utilize an aggregation engine that consists of smart order routing algorithms to combine order sweeping and full amount execution, price filtering, and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term rules, according to the press release description.

Forex Magnates reporters spoke with Quotix CEO Evgeny Sorokin around time of publication. He explained that the unique value proposition for Quotix, is that it helps to create a level playing field with its liquidity providers (LPs), and how Quotix is already handling tens of USD billions per day in transactions on behalf of brokerages.

Quotix CEO Evgeny Sorokin Talks Multi-bank Price Aggregation

Mr. Sorokin said to Forex Magnates around time of publication, “One of the key specifics of our product suite is that a lot of things can be done in real-time, and we've thought through every screen we've designed to make it easy for the clients to comprehend the information and manage all the aspects of their aggregation. Another point worth mentioning is that clients can have as many FIX trading accounts as they want - and they can create those at no extra cost themselves.”

“Other qualities of the solution to look at include: ability to basket orders, ability to combine full-amount execution and order sweeping algorithms, quote filtration, quote throttling, and enhanced methods of liquidity consumption to achieve price improvement for the clients without causing increased rejection ratio,” concluded Mr. Sorokin to our reporters.

OMF a Nearly 30-year-old Company in New Zealand

Commenting in the official press release James Davies, Senior FX Dealer at OMF says "We are confident that with the product suite of Quotix we'll enjoy the enhanced spreads, improved fill ratios and a better trading experience for our clients."

OMF, short for OM Financial, had been founded in 1987, and since went through two name changes, after a series of corporate structural changes shifted its ownership. The firm is a NZX accredited derivatives market participant, and NZX participant, and also regulated by New Zealand's Financial Markets Authority (FMA) as a registered financial services provider.

Quotix Solutions Complemented by Spotware Group Structure and cTrader

It's probably not a coincidence that the solution for its OMF cTrader platform was sought through the same affiliated subsidiary Quotix, as both are part of Spotware Systems, as described above.

Quotix utilises Equinix DCs and is co-located with Tier-1 makers to enhance fill ratios and reduce execution latency for clients, explained in the press release, where Mr. Sorokin added, "We are very pleased to have OMF among our clients and happy to leverage their growth in FX and precious metals trading by providing our sophisticated solutions.”

A screenshot of the Quotix administrative login, seen below, provided to Forex Magnates around time of publication: