Leading platform provider to Middle Eastern and Asian forex and CFD brokers, Hybrid Solutions, continues its product development though a co-operation with Cyprus-based, MarketCloud. The two firms signed an agreement allowing MarketCloud, a certified provider, to host Hybrid Solutions’ signature trading platform, VertexFX on the cloud.
Hybrid Solutions’ bid to compete with global technology providers for the margin derivatives sector saw the firm enhancing its hosting solutions for users. The firm’s agreement with MarketCloud enables brokers to save costs on set-up and maintenance fees, as well as simplify the offering depending on the users’ needs. For example, firms that require partitioned solutions can lease the platform and profit share from the trades while at the same time having the required functionality, such as risk management, trade reporting and group settings.
Akram Majed, CEO of Hybrid Solutions, said: “I am pleased to be able to license VertexFX to MarketCloud because our trading platform will be even more accessible to both regulated brokers and traders.
Based on the applications cloud hosting concept, MarketCloud makes it easier for brokers to set up VertexFX and as it is available on lease there is no need to pay up front or to fund expensive set up fees.”
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VertexFX has positioned itself as the preferred trading platform in key markets, including Jordan, UAE and Pakistan, with a number of brokers offering the product in India, Hong Kong and China.
VertexFX competes with the MT4 trading platform for retail investors, it is a simple platform but comes with the core standard features required by traders, including advanced charting and auto trading scripting capabilities, also offering a comprehensive online trading platform solution for brokers, market makers and liquidity providers for an STP business model.
Hybrid Solutions has been extending its offerings as software providers co-operate with third party developers and suppliers enhance the product offering. Mr. Akram added:
“We carefully select our partners and only work with partners who can add real value-add to our business, for traders it offers the reassurance that the brokers on MarketCloud are regulated and reputable.”