xStore apps marketplace to give coders, brokers and third parties new tools to develop the X3 Open Hub technology.

FX platform provider X Financial Technologies seems to be taking the opposite path than MetaQuotes, in making its technology more open to third party developers. The company today announced new open development initiatives for its X3 Open Hub platform, focused on giving more coders, brokers and third parties new tools to develop the X3 Open Hub technology, welcoming all developers to grow their business.

X Financial noted that at the recent iFXEXPO conference there were a number of providers ranging from binary options, mirror trading platforms and existing platform plug-in providers which committed to develop new technology on top of the X3 Open Hub.

The complete X Financial Technologies press release follows:

X Financial Solutions announce new open development initiatives for X3 Open Hub

Warm reception from brokers, traders, and developers at the iFXEXPO 2013 prompts renewed interest in X3 Open Hub’s open development environment for forex and CFD trading, welcoming all developers to grow their business with the X3 open environment.

LONDON – Following a very successful conference at the iFXEXPO in Cyprus at the end of May, X Financial Solutions today announced a new development initiative for its X3 Open Hub trading environment. X Financial Solutions recently updated its xStore apps market place to give more coders, brokers and third parties new tools to develop the X3 Open Hub technology, welcoming all developers to grow their business. At the iFXEXPO there were a number of providers ranging from binary options, mirror trading platforms and existing platform plug-in providers committed to develop new technology on top of the X3 Open Hub.

“We were very encouraged by the enthusiastic response X3 Open Hub received at the iFXEXPO,” stated Juan Jutgla, Director of Institutional Business at X Financial Solutions. “Clearly the time has come for the forex technology industry to become open and unrestrictive for their partners. Traders require more from their trading platforms than ever before, and forex brokers, banks and financial institutions must cater for these demands whilst maintaining the ability to differentiate themselves and promote their own brand identity. The essence of our X3 Open Hub technology is to be completely open, and we look forward to further collaboration with industry leaders.”

With X3 Open Hub, brokers can develop the existing technology and add any platform to the front end of the environment through its open API. They will also benefit from intuitive integrated back office systems and have the ability to connect to any liquidity provider of their choice. X Financial Solutions recently announced their collaboration with leading liquidity provider FXCM.

Malgorzata Kozak, Head of xAPI and xStore and responsible for the integration projects with key strategic partners commented on the company’s philosophy: “X3 Open Hub shares a similar philosophy to Apple iOS or Google Android systems. We give our broker partners a complete trading environment with strong base elements, where everything is extremely reliable and efficiently hosted on a cloud server”. She continues: “The other angle is the open API structure of the trading environment, which gives third party developers everything they need to replicate all functionalities of the existing technology or create new applications and front end platforms of their own. Our trading apps market (xStore.pro) is not only a marketplace but also a dedicated team to give developers maximum support and all the help they need to sell their products. The growth of the X3 Open Hub environment and success of our partners is in our best interest and that is why X3 is open – and always will be”.

For further information please visit www.x3openhub.com  or www.xfinancialsolutions.com. .

About X Financial Solutions: X Financial Solutions Limited is a forex brokerage solution provider who are authorised and regulated by the UK Financial Conduct Authority (FRN522157). Its registered and trading office is at 288 Bishopsgate, London EC2M 4QP. United Kingdom. (Company number: 07227848).

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.