Itexsys, a company that helps firms set up retail brokerages, announced the details of its deal with Swissquote this Tuesday.
The partnership between the two companies was announced last Friday, but neither firm revealed exactly what it entailed.
Speaking to Finance Magnates, Simon Blackledge, a business development and client services director at Itexsys, said that the deal would see Swissquote providing liquidity to Itexsys’ clients using the firm’s MetaTrader 4 and MetaTrader 5 white labels.
“As a technology provider, itexsys is liquidity provider agnostic, with no conflict of interest,” noted Blackledge
“For us, the key is to form partnerships with the highest quality liquidity providers in the industry so that our clients can select the most appropriate liquidity for their client base.”
The deal with Swissquote means that brokers using Itexsys’ white label solutions will have access to better liquidity.
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Currently, the white label provider mainly offers liquidity via its partnership with Gold-i.
The latter firm’s MT4 and MT5 bridges provide access to liquidity for brokers using Itexsys’ white label solutions
Gold-i and Itexsys have been working together for several years and announced the launch of an MT5 white label in July of last year.
Gold-i and Swissquote have also been working together for several years, with the former providing access to the broker’s liquidity via its MT4 bridge.
“We are thrilled to collaborate with itexsys to develop our FX and CFD offering,” said Jonathan Hirsch, a member of the FX Institutional team at Swissquote Bank. “This partnership is in line with our strategy to expand our footprint into the institutional sector.
“Our FX Price Distribution project was launched last year, and we are working actively to build up the integration of our pricing with different ECNs as well as bridge and technology providers.”