Coming to the market is a new Liquidity Provider offering from FXOpen that will offer B2B clients and professional traders access to their interbank ECN. In addition, the broker is launching a bitcoin exchange.
Often overshadowed by fellow Russian originated broker Alpari, FXOpen has also been steadily growing its business over the last few years. Attributing to their success among retail traders has been tournament style trading competitions to attract new customers and showcase top performers. As a result, by the end of 2013, FXOpen was among the top 15 brokers in the world in terms of retail volumes in Forex Magnates' Quarterly FX Industry Report. In addition to its retail facing division, FXOpen has been active in the B2B sector, providing white label partnerships as well as Liquidity arrangements to other brokers. When it was announced by MetaQuotes that they would be launching MetaTrader 4 to MetaTrader 4 liquidity connections, FXOpen was among firms that stated to Forex Magnates that they were planning on being active providers of FX and CFD pricing using the new initiative. The MT4 to MT4 connectivity would allow any broker with a MetaTrader 4 server to connect to another broker, and use them to automatically hedge client orders, and initiate straight-through processing (STP). Following expansion of its B2B business, FXOpen has launched a liquidity provider (LP) unit. The LP division, which FXOpen began to publicly market in the recently concluded iFX EXPO in Macau, will provide ECN connectivity to brokers, professional traders and asset managers. According to FXOpen, the ECN will stream pricing from its network of primary bank Liquidity Providers as well as KCG Hotspot and LMAX, using technology from Integral and Currenex. In addition, according to FXOpen, the ECN will be accessible by high frequency traders via the presence of non-bank market makers that will be providing pricing on the system.
Bitcoin Liquidity Arrives
Also arriving with the traditional FX and CFD liquidity from the new unit is the launch of bitcoin trading. FXOpen has been in the space for some time as they have been providing technology solutions to bitcoin exchange, BTC-e, for their MT4 offering. With the arrangement, BTC-e began to offer its clients access to trading bitcoins and other digital currencies on their exchange using the MetaTrader 4 platform interface. Combining their current relationship with BTC-e as well as their LP initiative, FXOpen has begun to offer brokers direct bitcoin liquidity. The available bitcoin liquidity to brokers will be based on matching trades with BTC-e’s order book, as well as matching internal FXOpen trades. With the new liquidity, brokers will be able to create CFDs of the digital currency for trading to their clients, as well as be able to hedge risk by buying bitcoins directly from FXopen. Although several broker technology providers announced the launch of stable bitcoin price feeds for the MT4 platform, many brokers have related to Forex Magnates that how to hedge client risk of digital currencies is a more difficult endeavor (more on the difficulties of CFDs and bitcoins for brokers).
Commenting about the launch, Denis Peganov, Director at FXOpen, stated to Forex Magnates that, “Bitcoin is one of the hottest trading instruments at the moment and we are proud to be among the first ones to offer bitcoin liquidity to brokers and institutional clients.” He added that, “As of today, we already stream our BTC feed to 5+ brokers via FIX, so we believe we are on the right path to create one of the leading bitcoin exchanges in the world.”
In addition to the B2B offering, Peganov mentioned that FXOpen is planning on launching bitcoin trading for retail clients in the next one to two weeks with customers opening accounts directly with the broker. He added that FXOpen also currently provides both its B2B and retail customers the ability to fund accounts in bitcoins, namecoins and litecoins, with trading arriving to all three of digital currencies (see image). Looking ahead, it will be interesting to see what the uptake of the bitcoin liquidity among brokers is. Currently, Forex Magnates has heard mixed reviews among forex and binary options brokers that have launched bitcoin trading, with some firms seeing very little actual trading taking place despite active interest from their clients before they launched it . However, the arrival of a regulated source of bitcoin liquidity, as well as pricing in litecoins and namecoins, would be expected to offer greater choices in how to offer CFDs of the product which could boost volumes.
Often overshadowed by fellow Russian originated broker Alpari, FXOpen has also been steadily growing its business over the last few years. Attributing to their success among retail traders has been tournament style trading competitions to attract new customers and showcase top performers. As a result, by the end of 2013, FXOpen was among the top 15 brokers in the world in terms of retail volumes in Forex Magnates' Quarterly FX Industry Report. In addition to its retail facing division, FXOpen has been active in the B2B sector, providing white label partnerships as well as Liquidity arrangements to other brokers. When it was announced by MetaQuotes that they would be launching MetaTrader 4 to MetaTrader 4 liquidity connections, FXOpen was among firms that stated to Forex Magnates that they were planning on being active providers of FX and CFD pricing using the new initiative. The MT4 to MT4 connectivity would allow any broker with a MetaTrader 4 server to connect to another broker, and use them to automatically hedge client orders, and initiate straight-through processing (STP). Following expansion of its B2B business, FXOpen has launched a liquidity provider (LP) unit. The LP division, which FXOpen began to publicly market in the recently concluded iFX EXPO in Macau, will provide ECN connectivity to brokers, professional traders and asset managers. According to FXOpen, the ECN will stream pricing from its network of primary bank Liquidity Providers as well as KCG Hotspot and LMAX, using technology from Integral and Currenex. In addition, according to FXOpen, the ECN will be accessible by high frequency traders via the presence of non-bank market makers that will be providing pricing on the system.
Bitcoin Liquidity Arrives
Also arriving with the traditional FX and CFD liquidity from the new unit is the launch of bitcoin trading. FXOpen has been in the space for some time as they have been providing technology solutions to bitcoin exchange, BTC-e, for their MT4 offering. With the arrangement, BTC-e began to offer its clients access to trading bitcoins and other digital currencies on their exchange using the MetaTrader 4 platform interface. Combining their current relationship with BTC-e as well as their LP initiative, FXOpen has begun to offer brokers direct bitcoin liquidity. The available bitcoin liquidity to brokers will be based on matching trades with BTC-e’s order book, as well as matching internal FXOpen trades. With the new liquidity, brokers will be able to create CFDs of the digital currency for trading to their clients, as well as be able to hedge risk by buying bitcoins directly from FXopen. Although several broker technology providers announced the launch of stable bitcoin price feeds for the MT4 platform, many brokers have related to Forex Magnates that how to hedge client risk of digital currencies is a more difficult endeavor (more on the difficulties of CFDs and bitcoins for brokers).
Commenting about the launch, Denis Peganov, Director at FXOpen, stated to Forex Magnates that, “Bitcoin is one of the hottest trading instruments at the moment and we are proud to be among the first ones to offer bitcoin liquidity to brokers and institutional clients.” He added that, “As of today, we already stream our BTC feed to 5+ brokers via FIX, so we believe we are on the right path to create one of the leading bitcoin exchanges in the world.”
In addition to the B2B offering, Peganov mentioned that FXOpen is planning on launching bitcoin trading for retail clients in the next one to two weeks with customers opening accounts directly with the broker. He added that FXOpen also currently provides both its B2B and retail customers the ability to fund accounts in bitcoins, namecoins and litecoins, with trading arriving to all three of digital currencies (see image). Looking ahead, it will be interesting to see what the uptake of the bitcoin liquidity among brokers is. Currently, Forex Magnates has heard mixed reviews among forex and binary options brokers that have launched bitcoin trading, with some firms seeing very little actual trading taking place despite active interest from their clients before they launched it . However, the arrival of a regulated source of bitcoin liquidity, as well as pricing in litecoins and namecoins, would be expected to offer greater choices in how to offer CFDs of the product which could boost volumes.
UK Chancellor Jeremy Hunt Clashes with FCA over Controversial “Name and Shame” Policy
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!
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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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!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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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!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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