The brokerage platform and liquidity provider X Open Hub Ltd. has entered into a strategic partnership with Hong Kong-based professional financial technology software provider OTSO Fintech Consultant Co.
As per the cooperation agreement, which was signed at Warsaw’s Financial and IT Development Centre, the two firms will carry out in-depth cooperation in regard to trading platform software development, liquidity solutions, transaction clearing, and white label partnerships.
Addressing the partnership with OTSO, X Open Hub’s CEO, Michal Copiuk, said: “we are very keen to partner with OTSO – this strategic partnership will be very valuable to our company. We believe that combining X Open Hub’s next-generation technology and expertise with OTSO’s deep knowledge of the FX Asia markets will enable us to provide clients with truly unique brokerage solutions.”
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As a financial technology software provider, OTSO primarily provides B2B customers with a comprehensive set of services that include MT4 white label implementation, global business management, financial consulting, and financial brand management. The company also helps new players in the industry to establish their own brokerage business.
X Open Hub’s business, on the other hand, is to provide liquidity solutions to its partner financial institutions. It thus helps to minimize order delays and slippage, which are some major woes of the trading industry. It further helps the platforms to maintain a lower transaction cost.
Moreover, the firm provides financial institutions with an easy to use and fully customizable white-label trading platform.
Earlier this year, X Open Hub received the KDPW award for 2017 for the Best Quality Reporting, which it shared with XTB.