London-based FXCubic, a technology provider in the forex trading industry, announced on Monday the completion of the integration of Refinitiv Elektron, thus enabling its clients to offer physical stock trading.
Refinitiv, which is now a part of the London Stock Exchange Group, is a major financial data provider that provides access to more than 500 global exchanges, thousands of over-the-counter (OTC) markets and over 100 million financial instruments.
Refinitiv Elektron, in particular, offers cross-asset market and pricing data. It provides 9 million prices updates per second over 84 million instruments and 2.5 terabytes of real-time pricing daily.
Additionally, the announcement shared with Finance Magnates highlighted that Refinitiv Elektron's content is regulated through the MiFID II . The partnership will allow the FXCubic clients to gain access to the real-time financial market data provided by Refinitiv.
Moreover, the integration will include corporate and sovereign bond pricing from Tradeweb, access to with MarketAxess, Refinitiv’s FXall and dozens of other global data sources.
Commenting on the integration, FXCubic’s CEO, Ege Kozan said: “FXCubic, has changed the fintech landscape over the last few years with the stability, unique features, numerous integrations and high-performance of our bridging and aggregation solutions. This addition of such a strong liquidity provider will extend our reach and empower our clients to offer much more on their platform.”
Meeting the Demand for FX Technologies
FXCubic is becoming a major trading industry technology provider. Over the years, it has partnered with several brokerages, including Broctagon Prime, M4Markets, Equiti Capital, Exclusive Capital and Libertex for offering liquidity services.
Furthermore, the company is focused on expanding its services and launched a risk intelligence solution earlier this year, which is providing dealers and risk managers a global view of their entire trading operation within a single GUI.
