The Spotware Systems subsidiary that develops price aggregation technology for FX, pooling liquidity from major dealers, has announced that New Zealand-based OM Financial selected it for their OMF cTrader platform.
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 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 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:
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 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 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:
Interactive Brokers Expands Offerings with Daily Options on French Stocks
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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