BVI regulated brokerage Forex4you incorporated as E-Global Trade & Finance Group, Inc. announced this week that the firm has developed and introduced its own liquidity aggregator and order execution technology called MarketPlace. It will provide a new tech “engine” for automated advisors and trading strategies – order execution is faster and more reliable.
MarketPlace – is software that aggregates offers from various liquidity providers and chooses the best BID/ASK prices and transmits them to clients’ terminals. This way execution of client requests is always done at the best available prices.
Forex4you has also developed their own bridge solution (Eglobal Forwarder) that connects the MT4 trading terminal to the new MarketPlace aggregator, which allows the brokerage to control and be responsible for the entire process of order execution “in house”.
All company servers are already connected to Marketplace quotes feed, although for now, new order execution technology is used on only 3 servers – Pro STP, Classic NDD and Demo.
MarketPlace provides the following benefits to clients:
- Increased order execution speed, average execution time on Pro STP and Classic NDD servers has decreased by 1.5 times, down to 280 and 460 milliseconds.
- Reduced possibility of slippage and number of requotes, thanks to higher execution speed.
- Improved stability and reliability, as well as possibility using alternative trading terminals. For example, mobile Forex4you trading application for iOS and Android, and soon JAVA Forex4you Terminal for PCs.
- Improved aggregation and quality as a whole of quotes feed, due to simpler connection process to new liquidity providers.
In the near future, the brokerage stated that all servers will be transferred to the MarketPlace, including a remade PAMM service on its base.
For more information on Forex4you click here.