HUBECN LLC announced that has released the MetaTrader 5 FIX Bridge to HUBECN engine, which allows brokers to connect to hundreds of liquidity providers combining their quotes and providing the ability to route orders according to the Best Bid and Offer (BBO) rules.
The list of available liquidity providers includes Currenex, Integral, Hotspot, LMAX, CFH, SwissQuote Bank, ADS Securities, Sucden Financial, Advanced Markets, FXCM, TopFX, ThinkMarkets and other companies.
The bridge developed by HUBECN is implemented using the standard MetaTrader 5 Gateway API and consists of:
- the price feeder that sends the depth of market to MetaTrader 5 server
- order module that forwards MetaTrader 5 orders to HUBECN core engine and notifies the MetaTrader 5 server about order status changes. MetaTrader 5 FIX Bridge to HUBECN works for all types of orders, including market, limit, stop and stop limit orders.
Institutional clients are able to set any instruments offered by liquidity providers, including forex, stocks, futures, crypto currencies and derivatives.
Besides, the gateway can be provided as an exchange solution that allows matching limit and market orders for any types of symbols in microseconds.
Any type of liquidity provider including financial exchanges is configurable in the HUBECN gateway for MetaTrader 5″, says Dmitry Batashvili, CEO of HUBECN LLC. “This innovation allows us to provide brokers with leading technologies for connecting to global liquidity. By doing this, we are following the market efficiency and transparency principles. Considering the continuing expansion of the amount of MetaTrader 5 brokers, we believe the demand from institutional clients will be high.