Pelican Trading Launches ETX Connect with ETX Capital

Social copy-trading solutions provider for brokers, Pelican Trading, announced this Thursday that it has partnered with ETX Capital, a spread betting broker regulated by the Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term), in order to provide a white label solution - ETX Connect.

According to the statement published by the company today, the ETX Connect solution is a white label partnership. Under the solution, Pelican has integrated its proprietary copy-trading technology into its existing suite of trading platforms.

Commenting on the solution, Pelican Trading Co-Founder and CEO, Mike Read said in the statement: “ETX Connect is testament to the abilities of the unique white label copy trading solution offered by Pelican. We are extremely pleased to have partnered with ETX Capital a leading broker in the FX sector and look forward to servicing their wider client base.”

Pelican Trading is a broker-neutral solution, which connects users directly with brokers. The white label integrates trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and communication into a central network for traders.

Pelican is regulated by the FCA, and its solution is available on mobile for iOS and Android devices. In addition to creating a central network for traders, the solution also allows brokers’ clients to auto-copy signals, execute trades, chat and analyze performance, the statement said.

In the statement, ETX Capital highlights that: “having Pelican on board will enable us to offer a unique, fair and social trading solution which bridges the gap between new and expert traders like no other broker has done before. We’re excited to be partnered with Mike and the team at Pelican and look forward to growing together”.

Pelican Trading continues to expand market reach

Pelican Trading has been actively expanding its reach by establishing a number of industry partnerships. As Finance Magnates reported, in February, the social trading-copy provider partnered with Advanced Markets so it can offer its proprietary technology to a wider client base.

In the month prior, the company teamed up with IS Prime, in which the latter integrated Pelican’s copy-trading technology into its own trading platforms. Therefore, IS Prime can now offer these tools to its own clients.