The latest outsourced brokerage technology comes in the form of a managed IT service that provides a hosted server environment, aided with the low latency connectivity, for MT4 brokers looking for a virtually run solution.
The trading system integrator offering solutions to the online retail FX space, Gold-i, has announced a partnership with FXecosystem, in order to offer a complete managed IT service, as an outsourced solution to brokerages.
The announced synergy focuses on retail brokers that offer or are planning to offer the MetaTrader 4 (MT4)) platform – developed by MetaQuotes Software Corporation – to their end-clients.
It’s not uncommon for technology providers to partner with other Independent Service Vendors( ISVs), in an effort to create a joint offering, or to supplement the offering of one of the company’s solutions to end brokerages. According to people familiar with the development, a London-based broker is already in the process of going live with the solution.
In the official press release the offering was described as ideal for start-up brokerages, as well as firms that don’t have a server room or in-house IT support yet, and enables firms to have a fast and reliable MT4 offering through the outsourced solution (without the need for in-house support), regardless of where they are located.
Forex Magnates' reporters confirmed with a Gold-i Company spokesperson around the time of publication that the development of the solution was in response to customer demand, and how the solution was also scalable to larger firms looking for a one-stop shop solution, and that several had already indicated interest, and that the options were cost-effective.
In addition, the spokesperson said in response to questions posed regarding the importance of adding this solution, "This is key to enhancing the suite of solutions which Gold-i offers. It means that Gold-i can now offer a complete service – the best technology solutions for whatever a client wishes to achieve. A broker can come directly to Gold-i for all their requirements, and, working in conjunction with our partners, we will set up and manage all of their technology," and concluded, "By offering this service we are giving an extra option to clients – they can choose our White Label solution, their own server environment or a fully managed and hosted IT service."
Managed IT Served as an Outsourced Solution
FXecosystem specializes in outsourced FX connectivity and Gold-i will load the MT4 license, connect MT4 to its low-latency Gold-i Gate Bridge and be responsible for the daily management of the system.
Tom Higgins, CEO of Gold-i, commenting in the official press release, said, “We are seeing an increasing number of brokers who want to purchase an MT4 license and outsource all hardware and software. We are able to offer consultancy on the most appropriate hardware and software for a particular broker and can then set up and manage all the required technology, enabling the broker to focus entirely on client servicing and business growth.
Mr. Higgins concluded, “We envisage our hosted service will be a big growth area for Gold-i. We selected FXecosystem, a specialist in the FX arena, as our hosting partner because of their technical expertise and global reach in delivering low-latency network connectivity.”
The setup uses a combination of Gold-i’s Hosted and Managed Services, and broker's software and hardware will be supported 24x7, and as part of the new offering, Gold-i and FXecosystem will work closely with firms to determine the most appropriate hardware set- up and data center location for low-latency FX hosting and connectivity.
James Banister, CEO of FXecosystem, added in the announcement, “We are pleased to partner with Gold-i to provide Institutional level proximity connectivity to the retail FX sector which is seeking enhanced reliability for connectivity to their banks and trading counterparties. Our service allows for rapid scalability as these clients grow globally.”
The trading system integrator offering solutions to the online retail FX space, Gold-i, has announced a partnership with FXecosystem, in order to offer a complete managed IT service, as an outsourced solution to brokerages.
The announced synergy focuses on retail brokers that offer or are planning to offer the MetaTrader 4 (MT4)) platform – developed by MetaQuotes Software Corporation – to their end-clients.
It’s not uncommon for technology providers to partner with other Independent Service Vendors( ISVs), in an effort to create a joint offering, or to supplement the offering of one of the company’s solutions to end brokerages. According to people familiar with the development, a London-based broker is already in the process of going live with the solution.
In the official press release the offering was described as ideal for start-up brokerages, as well as firms that don’t have a server room or in-house IT support yet, and enables firms to have a fast and reliable MT4 offering through the outsourced solution (without the need for in-house support), regardless of where they are located.
Forex Magnates' reporters confirmed with a Gold-i Company spokesperson around the time of publication that the development of the solution was in response to customer demand, and how the solution was also scalable to larger firms looking for a one-stop shop solution, and that several had already indicated interest, and that the options were cost-effective.
In addition, the spokesperson said in response to questions posed regarding the importance of adding this solution, "This is key to enhancing the suite of solutions which Gold-i offers. It means that Gold-i can now offer a complete service – the best technology solutions for whatever a client wishes to achieve. A broker can come directly to Gold-i for all their requirements, and, working in conjunction with our partners, we will set up and manage all of their technology," and concluded, "By offering this service we are giving an extra option to clients – they can choose our White Label solution, their own server environment or a fully managed and hosted IT service."
Managed IT Served as an Outsourced Solution
FXecosystem specializes in outsourced FX connectivity and Gold-i will load the MT4 license, connect MT4 to its low-latency Gold-i Gate Bridge and be responsible for the daily management of the system.
Tom Higgins, CEO of Gold-i, commenting in the official press release, said, “We are seeing an increasing number of brokers who want to purchase an MT4 license and outsource all hardware and software. We are able to offer consultancy on the most appropriate hardware and software for a particular broker and can then set up and manage all the required technology, enabling the broker to focus entirely on client servicing and business growth.
Mr. Higgins concluded, “We envisage our hosted service will be a big growth area for Gold-i. We selected FXecosystem, a specialist in the FX arena, as our hosting partner because of their technical expertise and global reach in delivering low-latency network connectivity.”
The setup uses a combination of Gold-i’s Hosted and Managed Services, and broker's software and hardware will be supported 24x7, and as part of the new offering, Gold-i and FXecosystem will work closely with firms to determine the most appropriate hardware set- up and data center location for low-latency FX hosting and connectivity.
James Banister, CEO of FXecosystem, added in the announcement, “We are pleased to partner with Gold-i to provide Institutional level proximity connectivity to the retail FX sector which is seeking enhanced reliability for connectivity to their banks and trading counterparties. Our service allows for rapid scalability as these clients grow globally.”
Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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