London-based financial technology provider Star Hat has launched its new product aiming to provide additional cost savings to a number of FX industry participants. The company unveiled its Freebridge product, which is enabling brokers to provide to their clients a direct line of connectivity into the pool of liquidity that they are delivering to their customers.
The solution eliminates the need for additional bridge fees and integrations via FIX API and keeps institutional clients connected to exclusive liquidity pools. Star Hat is providing a bridge which is integrated into the product at no additional costs. The solution allows for existing trading infrastructure to work alongside Freebridge.
Commenting on the news, the CEO of Star Hat Solutions, Chris Ward, stated: “Having operated in this space for many decades, we have gained the inside edge on providing truly innovative broker solutions. Freebridge is an example of how we are rejuvenating 21st century trading. With increased transparency over costs, Freebridge allows institutional clients to access liquidity more effectively.”
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“We are also proud to announce MahiFX as our latest liquidity provider onto our Hub range of products, including Freebridge. MahiFX is a leading provider of innovative financial technology products and services. With commission-free liquidity, they provide a quality trading experience with values that perfectly align with our own,” Mr Ward concluded.
Nick Mortimer of MahiFX added: “Together with our commission-free liquidity, Star Hat Solutions’ Freebridge offers a powerful and compelling product.”
The solution supports FIX and REST APIs and enable the use of the product with or without the company’s aggregator and bridge components and supports multiple trading platforms.