Spotware Systems, the developer of the popular cTrader trading platform has announced a new integration with leading FCA regulated institutional multi asset liquidity provider TradeTech Alpha. TradeTech Alpha was created by the $150 million acquisition of FX and CFD market maker and B2B liquidity provider Alpha Capital Markets by Playtech PLC (LON:PTEC), which closed earlier this month.
cTrader is known for its direct FIX connectivity abilities which allows the hosted platform to be plugged into any counterparty for both receiving quotes from price feeds and sending orders to counterparties (such as Alpha) through trade feeds. This allows brokers to integrate with their preferred LPs, ECNs or Prime Brokers.
The new integration with cTrader supports the full range of products offered by Alpha, which includes Forex and CFDs on indices, metals, energies and a complete range of global equities.
James Glyde, Spotware Systems
James Glyde, Chief Commercial Officer at Spotware Systems said of the integration with TradeTech Alpha:
We are pleased to be integrated with TradeTech Alpha who have a great portfolio of products which I personally see as complementary to cTrader’s capabilities as an STP enabled multi asset platform. Moreover, TradeTech Alpha’s product range has already won over a number of our existing clients hence Spotware actioning this client driven request.
Muhammad Rasoul, Director at TradeTech Group added:
We are excited about the integration with cTrader. They have a great product and in the space right now we plug a gap in the market, which is a robust multi-asset liquidity pool and stability and financial security in an LP. Our two companies make a great combination for start-up and larger more mature users of the Spotware products.
cTrader is equipped with many features designed around brokers who offer Equity CFDs helping users to understand these new and increasingly popular products.