FXCubic Completes Refinitiv Elektron Integration

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 MiFID II MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina Read this Term. 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 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 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.