X3 Open Hub, an innovative trading solution from X Financial Solutions, is a new product for the institutional forex brokerage industry. It offers existing and startup forex brokerages a complete, trading solution with open API, as well as the option to now connect to leading liquidity provider FXCM.
FXCM’s liquidity offering provides institutional clients a solution needed to match their strategy, with minimal market impact and the ability to receive best execution. Benefits include deep pools of liquidity, robust order booking with low latency and fostered relationships.
“We are very excited to be working with FXCM,” stated Juan Jutgla, Director of Institutional Business at X Financial Solutions. “It wasn’t long after we launched X3 Open Hub that we began working with FXCM to combine our innovative products and offer a market leading end-to-end forex brokerage solution. The collaboration provides a complete, first-class solution that could place broker partners well ahead of many competitors right from the start”.
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The X3 Open Hub technology allows forex brokers the opportunity to enhance their client offering:
- Cutting-edge trading platforms, back-office and risk management modules
- Integrated social trading technology, an open API market apps store and mobile applications
- Connection to leading liquidity provider FXCM
- Forex, CFDs, commodities and indices trading
- Substantial savings on trading infrastructure through a dedicated cloud server
The two global firms working together in harmony is not only a benefit to a prospective broker partner looking to adopt this trading solution, but also to their end retail traders.
With the FX brokerage sector taking in a dip in trading volumes in 2012, leading brokers expanded their product range to cater to new start-up firms, offering complete front to back solutions to help get them started with competitive pricing and technology. Jakub Zablocki, the CEO and co-founder of XTB Group spoke to Forex Magnates earlier this year about the X Financial Solutions brand, and explained: “We believe that only a comprehensive, fully open and customizable trading solution has the chance to succeed in today’s environment. Our clients will have total independence of connecting to any liquidity provider they choose and are also able to create proprietary front ends”.