Berkeley Futures Ltd, a UK-based broker of FX and CFD products, has announced a partnership with FlexTrade as the broker looks to offer a wider range of products to its client base. Partly owned by Macquarie Investments, Berkeley was established in 1986 and is currently a member of the London Stock Exchange.
The partnership means Berkeley will white-label FlexTrade’s platform, MaxxTrader, as an ASP front-end platform, facilitating a wide range of features in addition to straightforward trade execution. MaxxTrader offers “the full trading cycle, including price construction, distribution, trade execution, hedging, position management, post trade analysis on G10 currencies, Non Deliverable Forward contracts (NDFs), and base and precious metals,” according to FlexTrade.
The specialized platform also caters to institutional requirements such as transaction cost analysis via built in tool FlexTCA, which offers real-time and historical transaction cost analysis in trading global equities, FX, as well as derivatives for portfolios and single stocks. MaxxTrader also allows traders to analyze the performance of standard, algorithmic and strategic trading over time, thus helping to accurately identify the statistical performance of a trading strategy.
Berkeley’s decision to utilize MaxxTrader earlier this month.
Vikas Kedia, FlexTrade Managing Director, commented: “MaxxTrader will serve as an aggregation and distribution platform to Berkeley’s customers.” Adding, “By using MaxxTrader as a comprehensive solution, Berkeley will be able to facilitate and navigate trading in the global currency markets.”
Marc Quinn, Senior Associate Director at Berkeley Futures Ltd., having worked for the firm for over 17 years, said: “We are seeing an increase in demand for hedging and trading using NDF markets and requirements for tighter spreads in G10 currencies. Berkeley customers will be provided with access to a wide range of external liquidity providers as well as the ability to trade against Berkeley’s internalised liquidity pool.”
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