ThinkLiquidity, a risk management technology group specializing in real-time analytics and consulting services, has launched a strategic partnership with FX Bridge Technologies Corporation, helping support a joint trading solution for brokers globally, according to a ThinkLiquidity statement.
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Per the agreement, ThinkLiquidity will lean on FX Bridge’s trading platform, integrating its own risk management capabilities and services suite. One of the primary impetuses behind the deal is the desire to foster an alternative solution to the current MT4 framework in the industry, whilst strengthening risk management offerings for brokers.
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The deal is important for brokers as they can have the option of shoring up their risk management and platform needs with one stroke, via one cohesive solution.
According to ThinkLiquidity’s Managing Director Jeff Wilkins in a recent statement on the partnership: “Our broker customers want to offer new asset classes and find a way to expand out of the MT4 ecosystem. They look at the substantial hurdle of developing a platform and staffing a trade desk and get overwhelmed. Now they can tap the expertise of our risk and operations team and get a top-notch trading platform at the same time.”
“A partnership like this with ThinkLiquidity is unique in our industry. There’s an opportunity now for brokers without in-house options expertise to benefit from a new product with great profit potential. Combining our best-in-class ProTrader Plus front end with full risk and operations support removes many of the barriers that make brokers hesitant to offer options,” added Joseph Cunningham, founder and Executive Chairman of FX Bridge Technologies, in an accompanying statement.
The recent accord with FX Bridge is the latest partnership with a service provider since the group’s dealings with CME Group earlier this year, which helped extend transaction reporting capabilities to brokers in Australia.