Gold-i is deploying a cryptocurrency trading solution for brokers that are using Metatrader 4/5. The technology developer is going to enable access to a number of leading cryptocurrency exchanges as well as liquidity providers.
Bridging the gap between different technologies that are used in forex and cryptocurrency trading has been a hinderance to the quick adoption of more cryptocurrency pairs for brokers. The new solution is a big step towards large scale integration of crypto-trading amongst MT4 and MT5 brokers.
The name of Gold-i’s new product is Crypto Switch. The solution gives brokers end-to-end control over pricing and execution of the order flow. The firms will also be able to choose from primary/secondary feeds or full aggregation.
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Crypto Switch enables brokers to provide a wide-ranging cryptocurrency offering that is flexible enough to add new instruments as a given cryptocurrency’s popularity rises. Brokers can enable trading not only via MT4 and MT5, but also via pretty much any other trading platform.
Brokers can also create synthetic cryptocurrencies from other cryptocurrencies and/or FX pairs, enabling whole new markets. Brokers can also sell their own cryptocurrency liquidity by using industry-standard protocols such as FIX API.
Commenting to Finance Magnates, CEO Tom Higgins explained: “Gold-i is aiming to be the leading Crypto technology provider in the industry. We have developed our Crypto Switch to enable brokers to maximise opportunities from the increasing demand for Crypto trading and to help them to increase their revenues by offering a wider range of products to clients.”
“With Crypto Switch, brokers can take all the risk and P&L by B-Booking all or part of the flow. Alternatively, they can cover 100% of it in the market, providing peace of mind in volatile markets,” he elaborated.