Australian-owned forex and CFDs trading provider AxiCorp is deploying an additional layer to its prime brokerage offering. The company has partnered up with Celer Tech to develop its new trading platform Axi-One. The product is designed to strengthen the broker’s position in the institutional space.
The name of the product is Axi-One. The new platform provides users with access to a wide array of trading venues from a single point of access. The partnership with Celer Tech enabled Axi-One to deliver true ECN aggregation and execution capabilities to its clients.
Axi-One is integrated within the AxiPrime offering. The product is suitable for institutional and individual investors alike. That said, professional traders, institutional traders, high net-worth and high-frequency traders will make the most of it.
DMA Access to Over 20 LPs
Axi-One provides direct access to more than 20 liquidity providers. But that’s not all, the product also delivers a seamless and integrated access to seven exchanges with their corresponding liquidity providers.
The major exchanges include Currenex, Hotspot, Fastmatch, SpotStream, FXall, LMAX, and 360T.
Commenting on the new product launch, the Co-Head of Institutional eFX and CFDs at AxiCorp in the UK, Lloyd Moncur, said: “We’ve put in a lot of effort, time and technology behind Axi-One as we want to deliver a leading-edge platform that is extra efficient and robust for our clients.”
“With Axi-One we’re giving traders the full flexibility and the widest choice of liquidity. Whether you’re a private or institutional trader, a high-frequency trader or an MT4 user you can access different liquidity pools that will suit your requirements,” Moncur elaborated to Finance Magnates.
How Will Zero-Fee Investment Platforms Impact Traditional Stock Brokers?Go to article >>
The development of the new platform has been executed with the needs of clients in mind. AxiCorp’s integration with seven ECNs plus its own pool of liquidity gives traders new flexibility.
Any customer using the product that prefers certain liquidity providers over different time zones can switch in real time. A trader that favors FXAll during London hours may choose to go with CBOE Hotspot for the New York session.
Also, clients that prefer to trade EURUSD on Currenex can also trade USDJPY via Fastmatch.
“With this platform, we feel we are empowering the trader to make their own choice all from one platform,” explained Moncur.
Aside from its wide range of FX liquidity providers, Axi-One is a multi-asset platform where traders can trade FX, CFDs, spread betting, metals, indices, and NDFs.
Over the past two years, AxiCorp has invested heavily in technology as it rolled out advanced platform capabilities across its global footprint.
One of the unique capabilities of Axi-One is the ability for traders to pick and choose their own liquidity pools. This means traders can get access to tailor-made and user-specific liquidity levels at all time.
AxiCorp is committing additional resources to its prime broking offering at a time when competition is increasing. The squeeze on the retail market prompted some brokers to shift into the institutional space.