X Financial Solutions adds FXCM as Liquidity Partner

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 Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term 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”.

The X3 Open Hub technology allows forex brokers the opportunity to enhance their client offering:

• Cutting-edge trading platforms, back-office and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term 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”.