X Financial Solutions Limited has announced that Tradenext, a global provider of retail forex trading services, is now using X Open Hub for its trading technology. The X Open Hub environment is a complete trading solution with a web-based trading platform, integrated social trading, an apps marketplace and back office technology. This adds to Tradenext’s existing forex and CFD offering.
Tradenext, a trusted provider of forex and commodities trading, has experienced substantial market growth since its launch in 2010. The firm’s CEO, Mohsin Jameel, decided to adopt the complete suite of X Financial Solutions’ X Open Hub system because it has a cloud-based, open API infrastructure, which allows Tradenext to create a proprietary platform under its own private label that is accessible from anywhere in the world.
“X Open Hub allows us the chance to build on our client base by offering choice and an opportunity to boost revenues overall,” stated Jameel. “Importantly, the web-based platform ensures our traders can access their account anywhere in the world, and from any device, whether tablet, iPhone or smart phone. We were also impressed by the open element which allows us to create a bespoke, proprietary platform as well as xStore’s open apps marketplace enabling clients to enhance their trading experience even further”. Tradenext will adopt the complete X Open Hub brokerage solution, including its front end platforms: xStation, xSocial, xMobile and xTab, which launches under the proprietary name ‘FlexStation’. X Financial Solution’s white label tool, wlCreator, is another important part of Tradenext’s launch strategy.
“The wlCreator tool will allow us to quickly and efficiently create our own unique branded private labels within minutes and this will be especially beneficial for our Asian target market,” stated Jameel. “This, combined with effective MAM (Multi Account Manager) tools will help us to achieve an even stronger presence in the retail foreign exchange market.” Jakub Zablocki, Managing Director of X Financial Solutions commented on the acquisition: “We are very happy to have Tradenext on board and are confident that our X Open Hub solution will not only meet growing client demands and increase trading volumes but also accelerate the growth of their institutional business through the wlCreator tool.” X Financial Solutions recently launched two new innovative products to the market, xRisk and wlCreator, which will further benefit existing brokerage clients of X Open Hub. Tradenext will officially launch FlexStation at the London Investor Show, scheduled to take place on October 25 at London Olympia Central.