UK-based XTB Limited, with roots in Poland through its X Open Hub (XOH) brand and with more than a dozen offices globally, has partnered with Match-Trade Technologies LLC, a California- based technology provider, according to an announcement from the US-based vendor. Through the deal, Match-Trade will power XOH’s aggregation and bridging needs, and help it offer additional multi-asset solutions to its traders.
The synergy was explained as a strategic cooperation, as the broker aims to meet additional client’s needs, and as Match-Trade had already on-boarded and integrated several clients for XOH.
Commenting in the official press release, X Open Hub CEO Michał Copiuk said: “Nowadays banks and brokerage houses are looking into expanding the list of offered instruments to stay competitive and to win over regular FX and bullion providers. Institutional clients are willing to introduce new products using already implemented solutions. By partnering with Match-Trade, XOH offers both.”
Bitcoin: Can it Hit 100k in 2021?Go to article >>
Finance Magnates had covered Match-Trade’s unique offering in a previous post last year. Some of the key features of Match-Trade’s offering included the ability to execute over 50,000 transactions per second, and direct order matching between market participants. The company provides a FIX API for retail traders and liquidity takers, with full order book details available via the FIX protocol. In addition, the company offers a free MT4 bridge, also via FIX, for its institutional clients, and provides a lite-version of its web-based Match-Trader platform.