FXOpen Boosts ECN Solution Partnering with Soft-FX for Liquidity Aggregation
- The New Zealand based brokerage is targeting institutional clients, aiming to deliver better execution on its ECN offering by delivering a solution which provides access to more than 20 liquidity providers.
New Zealand based brokerage FXOpen has partnered with Soft-FX to gain access to the software company’s 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 boost the company’s ECN MT4 solution. The broker is aiming at delivering better execution to its institutional client base by gaining access to more than 20 Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term, amongst them LMAX, Saxo Bank and Citi.
Other companies which are using the Soft-FX Liquidity Aggregator are recently launched Middle Eastern prime brokerage Fortress Prime and UK based RVD Markets. Soft-FX has specifically developed its solution to meet the needs of organizations in managing liquidity from various external and internal sources.
"Brokerage companies willing to enter the next phase of their evolution should be able to satisfy the need of institutional clients with our Liquidity Aggregator. It is the right tool for that,” said Soft-FX’s CEO, Max Faust.
The Liquidity Aggregator solution delivered by Soft FX is implemented in C++ which delivers very high performance. The clearing accounts opened with liquidity providers are connected to the Aggregator via an API, and each account has a unique portal within the Liquidity Aggregator.
Market depth data from each LP is combined with the current liquidity from the broker’s own clients, which leads to lower spreads and increases liquidity by combining the volumes on offer from different LPs.
The director of FX Open NZ Ltd., Denis Pegyanov, shared in the announcement, "The acquisition of Soft-FX Aggregator is a milestone in the FXOpen evolution. It enables the company to achieve a higher level of partnerships and to occupy better positions in the industry due to expansion of its target audience.”
New Zealand based brokerage FXOpen has partnered with Soft-FX to gain access to the software company’s 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 boost the company’s ECN MT4 solution. The broker is aiming at delivering better execution to its institutional client base by gaining access to more than 20 Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term, amongst them LMAX, Saxo Bank and Citi.
Other companies which are using the Soft-FX Liquidity Aggregator are recently launched Middle Eastern prime brokerage Fortress Prime and UK based RVD Markets. Soft-FX has specifically developed its solution to meet the needs of organizations in managing liquidity from various external and internal sources.
"Brokerage companies willing to enter the next phase of their evolution should be able to satisfy the need of institutional clients with our Liquidity Aggregator. It is the right tool for that,” said Soft-FX’s CEO, Max Faust.
The Liquidity Aggregator solution delivered by Soft FX is implemented in C++ which delivers very high performance. The clearing accounts opened with liquidity providers are connected to the Aggregator via an API, and each account has a unique portal within the Liquidity Aggregator.
Market depth data from each LP is combined with the current liquidity from the broker’s own clients, which leads to lower spreads and increases liquidity by combining the volumes on offer from different LPs.
The director of FX Open NZ Ltd., Denis Pegyanov, shared in the announcement, "The acquisition of Soft-FX Aggregator is a milestone in the FXOpen evolution. It enables the company to achieve a higher level of partnerships and to occupy better positions in the industry due to expansion of its target audience.”