ECN FX technology provider Currenex has entered a partnership with oneZero Financial Systems in order to provide a liquidity bridge for brokers using the MetaTrader 4 platform.
Based on oneZero technology, the new Currenex Liquidity Bridge provides direct STP capabilities from the MetaTrader 4 platform to Currenex’s liquidity pools and trading platforms.
The rationale behind this is to enable MetaTrader 4 to operate without the need for a third-party developed solution, and to facilitate the incorporation of parallel processing and low latency order routing capabilities as well as customized liquidity streams, spread groups and order mapping from MetaTrader 4.
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Andrew Ralich, CEO of oneZero, spoke to Forex Magnates today in order to clarify what the company aims to achieve via Currenex’s adoption of the oneZero bridge. ” We are certainly very excited to be partnered with Currenex. From our perspective, their OEM adoption of our technology validates oneZero as a leader in the bridging space, and also that our technology is capable of handling the institutional trading volumes that you see from participants on a platform like Currenex.”
“We feel that brokers looking for add-ons to the MetaTrader 4 platform, specifically bridging and aggregation, have a lot of options and I am confident that a combined, certified offering from two industry leaders should help both brokers and MetaQuotes focus on supporting solutions that are as scalable and ubiquitous as MT4 itself,” continued Mr. Ralich.
Whether the cost per million will be similar to that of other bridge applications has not yet been divulged, with Mr. Ralich explaining that, “The commercial terms of this deal are confidential but the way this will be presented to brokers is as a bundeled offering, which will help address “contractual sprawl” that exists when a broker usually needs to sign with two providers to accomplish a combined Bridge / ECN solution via Currenex.”