CFH Clearing Limited, a and liquidity provider, announced this Wednesday that it has partnered with aggregation and bridging technology provider Finstek.
Under the agreement, brokers using the MetaTrader 4 and 5 platforms will be able to connect to the liquidity provided by CFH Clearing through Finstek Aggregator.
The software development and services arm of , Finstek, bridges the gap between platforms, institutional brokerages and liquidity providers in order to enable brokers to control their trading environment.
According to the statement announced today, brokers will be able to choose from different connectivity options as Finstek technology connects multiple liquidity streams with trading platforms.
Finstek majority shareholder and Chairman Ashraf Abid commented: “We are delighted to form this strategic partnership with CFH and I want to thank the teams on both sides for their expertise, dedication and professionalism. If 2020 has shown us anything, it is that efficiency and technology are essential to deal with the never-ending challenges facing the brokerage industry, and that brokers must ensure they can offer future-proofed, scalable technology solutions to their clients.”
The new partnership offers interbank liquidity pools via proprietary technology to institutional clients, ranging from retail FX brokers to banks and fund managers. It secures access to a choice of platforms and a range of relevant solutions, including liquidity, risk management, and reporting tools. This liquidity can be integrated using APIs into multiple trading venues and third-party platforms.
The new collaboration is expected to be an important growth driver for both Finstek and TradeTech Group’s liquidity provider as they aim to complement their existing product suite and attract new players to the market.
Enabling clients’ access to such a broad list of B2B derivative products under a unified technology and clearing solution is a highly progressive model, both in terms of software and brokerage.
, which operates as a liquidity provider for small and medium-sized institutional clients and an STP broker for high net worth and institutional clients, has recently expanded the to a greater pool of accredited financial entities.
Commenting on the partnership, CFH’s Head of European Sales, Paul Groves, said: “We are excited to partner with Finstek to provide the latest piece of technology within the aggregation and bridging space and bundle it with our bespoke liquidity resulting in the most cost-efficient solution to date for MT4 and MT5 brokers.”
Mikhail Yakutovich CEO of Finstek also noted: “We are proud to have earned the trust and confidence of such a well-established and respected top tier Prime Broker like CFH and look forward to delivering a competitive and superior product together with excellent service. Collaboration between our teams and our ability to customise to meet their specific business needs ensured we could deliver on CFH’s requirements.”
CFH Clearing and Finstek Team up to Improve Liquidity Offering
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