Geneva based ECN, OLFA Trade, has enhanced its Seamless FX trading platform as customization takes precedence for platform users. The new version allows traders to manage and amend key functionality in relation to the platforms look and feel, in addition to latency and order execution.
Seamless FX allows banks and brokers to create their own ECN platform by having the capacity to plug-in as many of their liquidity providers and clients as desired. The created ECN can then be used by the bank or brokerage for its own operations – giving the firm direct access to its total market while also allowing for that access to be granted to any of the firm’s clientele. Filters can be set up so that specific clients, even in specific tiers, can and will have different rights and trading conditions as determined by the needs and profit goals of the bank/brokerage.
Seamless FX new features include predefined deviation combined with an unparalleled level of transparency. This means that users can increase their chance to be filled whilst precisely appreciate what would be their best and worst level of execution depending on the deviation from the limit they are willing to accept.
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“We are particularly proud that no detail has been overlooked” explained OLFA Trade CEO, Fabrice Benouaich. “Not only is the platform constructed from the latest technology, making it milliseconds faster than anything currently on the market – we went even further and plugged our servers directly into the LP’s London Data center EFX room 4. With current technology and knowledge, we literally cannot make it any faster!”
Olivier Virzi, OLFA Trade’s COO elaborated: “Seamless [FX] was further designed to be both ergonomic and dynamic. Using ‘Polymorph’ technology, the platform’s appearance and functionalities are fully customizable. Any bank. Any broker – can make this platform look and act almost exactly as whatever software they’re used to.”
OLFA Trade was part of the magnificent 6 who launched new multi-bank trading portals last year, when talking about the introduction of new ECN’s Olivier adds, “ECN have become very popular amongst brokers because the model is the one of best ways to access tight spreads, which is the key in delivering the best quotes to their clients. Moreover, the anonymity ECNs provide allows brokerages to avoid any conflict of interests with client trading.”