Online provider of foreign exchange and CFDs trading services PhillipCapital UK, which is also a member of the PhillipCapital group of companies, has announced a new technological partnership deal. The brokerage will use oneZero’s technology for its retail trading offering.
The customers of PhillipCapital UK will use oneZero’s hub solution to gain access to execution and access to price aggregation software delivering price feeds from a number of leading liquidity providers.
PhillipCapital UK is using a straight-through-processing (STP) model to service its clients and is delivering the solution to the market into the firm’s MT4 server from a centralized deployment.
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Commenting on the partnership deal, the Head of Derivatives at PhillipCapital UK, Sean Tan, stated: “One of our aims when launching PhillipCapital UK, was to offer a high-tech trading environment for our clients. With oneZero on board, we are able to offer comprehensive support to our clients with a robust and reliable technology provider.”
After establishing its business in Singapore some years ago, PhillipCapital has become one of the key Monetary Authority of Singapore (MAS) regulated players in the trading industry in the region. After establishing its UK subsidiary in 2015, the company is aiming to extend its success across Europe.
The firm has already established a series of solid liquidity relationships with major banks and has solid capital backing its offering and stature with its liquidity providers.
The CEO of oneZero Andrew Ralich added his input on the deal: “In today’s marketplace, retail clients are looking to trade with brokerages who have a reliable corporate and regulatory structure, robust technology and strong customer service. We are proud to be in a position to complement PhillipCapital UK’s established global presence, with our industry leading solutions for retail and prime brokers.”