X Open Hub introduces lower spreads on DAX, Gold, Oil, and more

X Open Hub introduces lower spreads on DAX, Gold, Oil, and more

Global liquidity provider X Open Hub announced that it has added to its offering lower spreads on popular instruments (DAX, Gold, OIL, EUR/USD, etc.). The company has also made some further improvements across both Asian and European markets.

X Open Hub’s offering has grown significantly, including MT5/MT4 Bridges, integration measures, FIX, and more recently a trading platform. The group’s technology solutions offering have spanned multiple markets, having expanded globally in recent months.

Michael Copiuk, CEO, X Open Hub

Michael Copiuk, CEO, X Open Hub

During the last few years, X Open Hub has aligned with the introduction of best execution policy – MiFID II – establishing new connections to the top prime of prime on the market,” noted Michael Copiuk, X Open Hub.

The liquidity provider is regulated by the FCA, KNF, CySEC, and IFSC. X Open Hub has recently seen a significant increase in the number of companies from Cyprus, its recent efforts have extended beyond Europe in an effort to cater to its institutional clientele.

X Open Hub has also developed new partnerships with banks and brokers such as Technobank.

The group’s back-office system is fully equipped with complex reporting features servicing MIFIR and EMIR reporting requirements. The full instrument documentation (PRIIPs/KIDs) is available for all X Open Hub clients.

According to Michael Copiuk:

We are consequently upgrading our servers in order to improve the execution times, capacity and the accuracy of quotes. We also putting strong effort on APIs development, so we can stream our liquidity to almost any FIX protocol compliant bridge or trading platform on the market.

We are about to introduce to our FIX 4.4 protocol Stop and Limit Orders. This update was a strictly client driven development, proving that X Open Hub is open to any suggestions of our business partners.

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