Spotex Launches Configurable Broker Liquidity Hubs

FX technologies developer and ECN operator Spotex has just announced that it is updating its offering with customizable 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. The item enables brokers to deliver to their customers a solution where every liquidity provider can be enabled or disabled depending on the individual preferences of the clients.

Customized pricing is essential for high-grade institutional traders, which have established solid relationships with select 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. Aside from brokers being able to configure discrete liquidity pools for their clients, the new hub capability runs on Spotex’s modular broker technology, which supports full, front-to-back office capabilities and low latency trade executions.

The offering is particularly attractive to A-book brokers which are providing direct market access to their customers. The modular technology provided by Spotex should also interest money managers who are using analytic tools to determine the LPs that provide them with the best fill rates.

Commenting on the news, the Senior Managing Director of Spotex LLC, John Miesner said: “We are excited to roll out this new offering, which we’ve developed in close collaboration with key broker clients.”

“The new hub offering enables brokers to configure liquidity pools that best fit their business models and the trading objectives of their clients,” Miesner elaborated.

To set up a new liquidity hub, the broker selects among a list of liquidity providers which are available through its prime brokers and/or prime-of-prime brokers. The firm can also integrate its own price feed.

Since launching its ECN in 2014, Spotex has been on the move, most recently hiring a couple of industry veterans to leads its institutional push into the market. Back in January, the company welcomed to its team John Miesner who is leading the firm's global sales team. Most recently, the firm was also joined by Kevin Gillespie to lead the company’s sales effort in the EU.