Spotex Launches Configurable Broker Liquidity Hubs
New Facility Enables Brokers to Provide Customized Pricing to Clients
Jersey City, New Jersey, July 8, 2019 ‐ Spotex today launched new functionality that enables brokers to configure discrete liquidity pools for clients. The new hub capability runs on Spotex's modular broker technology, which supports full, front-to-back office capabilities and low latency trade executions.
To date Spotex has provided its ECN and proprietary, modular FX technology on a wholesale basis primarily to brokers and money managers.
Brokers, especially those offering pure agency (or "A" book) execution models, are the main users of Spotex technology and ECN. The introduction of discrete liquidity hubs will enable brokers to provide new liquidity models to clients.
"We are excited to roll out this new offering, which we've developed in close collaboration with key broker clients," said John Miesner, Senior Managing Director, Spotex LLC. "The new hub offering enables brokers to configure liquidity pools that best fit their business models and the trading objectives of their clients."
In addition to running on Spotex technology, the new hubs take advantage of Spotex's extensive network of leading FX liquidity providers, prime brokers and prime-of-prime brokers.
To set up a new liquidity hub, a broker selects liquidity providers from those available through its prime brokers and/or prime-of-prime brokers. A broker can also integrate its own price feed.
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