Brokeree Solutions has expanded its portfolio with a new integration into its MT4/MT5 Liquidity Bridge, which combines trade execution, liquidity aggregation, and risk management
Brokeree Solutions has expanded its portfolio with a new integration into its MT4/MT5 Liquidity Bridge, which combines trade execution, liquidity aggregation, and risk management. The Estonia-based technology solutions provider has teamed up with FCA-regulated Global Market Index Limited, more commonly referred to by its trading name GMI UK.
The institutional-focused broker will provide MetaTrader 4 and 5 brokers with STP-execution of 41 FX pairs, 15 CFDs, major indices and commodities. The integration uses the latest FIX API to ensure low-latency execution and robust performance, Brokeree said.
The combined effort will enhance Brokeree’s liquidity distribution network while tapping into GMI’s price aggregation and matching capabilities. This collaboration helps expand the company’s institutional client base while continuing to service the retail brokerage, mid-sized institutions, and active professional traders.
Liquidity Bridge encompasses over 20 liquidity providers, liquidity aggregators, exchanges and prime brokers which are already integrated via simultaneous connection to multiple MT4 and MT5 servers.
Co-founded by Chinese entrepreneur Jeff Chao, GMI started its operations in 2009 with a focus on the Asia Pacific market and was an early pioneer to introduce ECN and STP technologies into the region. In 2015, the company has secured approval from the City regulator to operate as an STP-ECN only broker in the UK.
According to its recent reports, GMI UK has doubled its trading volumes under the leadership of current CEO Ashraf Ebid, who joined the company in 2016 after a lengthy career spanning nearly 30 years across Japan, UK, Australia, Singapore and Dubai.
Brokeree Solutions has recently offered a pipeline of MetaTrader 5 solutions, ultimately making most of its key products available to MT5 brokers. The long-awaited addition of hedging functionality to the MT5 in 2017 have convinced retail FX industry that eight years after its launch, it might be time to upgrade their trading platform. More brokers are also actively switching to MT5, which expands demand for offering and complementing the platform’s features.