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Screenshot of a breaking news alert e-mail from Q2 2017
Provider of Forex liquidity management solutions Seabury Financial Solutions LLC (aka FXone), a subsidiary of Seabury Group LLC, today announces that it has entered into a partnership with innovative Forex ECN Spotex. The main aim of the collaboration is a Joint Product Offering.
This offering will leverage FXone’s established global distribution footprint and Spotex’s price aggregation and matching capabilities to expand the companies’ institutional client base, whereas continuing to service the retail brokerage and white label business.
Under the agreement, Spotex will integrate FXone’s enterprise software applications GUI and Order Management System (OMS) into their marketplace while FXone will get access to Spotex’s liquidity and execution capability for FX and precious metals, including Asset Manager, Trade Copier and IB management modules.
FXone Chief Executive Officer Margaret L. Chan said,
“We’re very excited to be working with Spotex to deliver an end-to-end FX trading and white label solution combined with an execution capability that spans the globe. Our companies’ offering will benefit Buy & Sell Side clients and retail brokers looking for better liquidity and a sophisticated white label product with a functional GUI with programmable interface and very flexible order types.”
Ritesh Agrawal, Spotex Chief Executive Officer, commented,
“Together FXone and Spotex offer a complete end-to-end solution for clients looking to use spreadsheet trading functionality and execute flexible order types on a central limit order book with world-class liquidity”.
You can view the full announcement on the partnership by clicking here.