FXCubic, a trading technology provider for institutional and retail brokers, has unveiled a real-time bridge markup API, which the company describes as a sophisticated and proprietary solution that caters to high volume brokers.
The new product leverages an application programming interface to allow subscribers to access market-data calculations and instantly adjust their markups in real-time by their chosen algorithm. It hosts a catalog of its services and data endpoints enabled by API architecture.
Depending on their business model and market conditions, FXCubic API enables users to react to changes both in markets and their own books. It also allows for monitoring total exposure and adjusting markups for each instrument independently.
“We believe this is truly groundbreaking, as this kind of technology has never been accessible to the vast majority of brokers. When used right, such technology can have a big impact on a broker’s profitability, so we are expecting our clients to take full advantage of this new tool and apply it to their business very rapidly,” said FXCubic CEO, Ege Kozan.
FXCubic signs more partners
FXCubic has recently inked a new partnership to provide prime of prime broker Equiti Capital, which is part of the Equiti Group, with its proprietary liquidity aggregation and price management systems.
This new partnership with Equiti was the latest in a series of collaborations that FXCubic has forged with high-end brokers, including Hantec Markets, the official FX partner of iconic east London football club West Ham United.
Most recently, it has also signed multi-asset brokerage platform Libertex to tap into its low-latency software, liquidity management systems, connectivity tools, and automation technologies.
Based in London and Cyprus, FXCubic is a relatively new entrant into the competitive finance technology landscape, offering pricing engine and order routing solutions. Its offering consists of bridging, aggregation, and risk management solutions to manage all the aspects of FX and CFD brokers’ offerings.