It has been announced today that Gold-i, the UK-based software developer specializing in trading systems integration, has implemented a new solution for CFH Clearing’s ClearVision, which intends to offer broker clients stronger risk management capabilities.
With the new advancements, which the company states are already live on the system, ClearVision broker clients can manage A and B Booking more effectively, using Gold-i’s dynamic routing capabilities. Brokers can now quickly switch between A and B-Book per instrument without having to restart MetaTrader.
The ability to conduct selective B Booking, basically internally warehousing some client trades, allows brokers to only take on an acceptable amount of risk and sending the remaining trades to market via their liquidity providers.
CFH is a company which has demonstrated its amenability toward entering into such arrangements with specialist software firms and social trading providers, as demonstrated by last year’s co-operation with Tradency subsequent to MetaQuotes’ issuance of a warning to brokers against working with four of the major social trading providers.
Indeed, by operating in conjunction with CFH Clearing, Gold-i has gone down this route also, as CFH Clearing may well serve as an effective distribution channel.
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Tom Higgins, CEO of Gold-i made his stance clear at last year’s iFX EXPO in Cyprus with regard to how corporate collaborations can position products in order to improve functionality within retail FX operations: “The nirvana for retail traders is a single platform where a trader can log on and see all asset classes and trade them all in the same place,” he said.
Such technological developments occur very quickly these days, therefore creating an interesting spot of anticipation in the approach to next week’s iFX EXPO in Macau on January 22, where the first panel discussion aims to identify what the next big thing in terms of FX technology is and where it will lead the industry.
Examples of the functionality of ClearVision’s B-Book management system include the ability to have multiple hedge modes including percentages and aggregation as well as centralized risk management from multiple front-ends and servers. Brokers can also monitor net client P/L and net hedge P/L separately in real-time and can have a swift overview of B-Book net positions and hedge trades.
Lars Holst, CEO of CFH Clearing, commented in the announcement claiming to offer one of the most advanced B-book management systems in the world and added: “ClearVision offers complete flexibility and configurability. The latest technological developments from Gold-i enable clients to change between A and B Book on the fly and this functionality has really been welcomed by Tier I and Tier II brokers.”
Mr. Higgins further added that “Gold-i continues to develop innovative solutions which enhance processes and give our clients a competitive edge. ClearVision is a market-leading product suite, which provides brokers with a combination of Prime of Prime interbank liquidity and state of the art trading technology. We are delighted to have had the opportunity to enhance its B-Book Management system.”
This latest development builds on a previous partnership between CFH Clearing and Gold-i. In February 2013, the companies announced they had joined together to launch a MetaTrader4 white label solution with pure interbank liquidity feeds, as Forex Magnates reported at the time.