As some clients using smartTrade’s LiquidityFX were already connected to FXSpotStream and some clients of FXSpotStream had already opted for LiquidityFX for their trading tools, this announcement from both firms makes the synergy official.
The 4X|Box lowers costs and increases profitability: clients of LiquidityFX have reported significant positive impact on their P&L since using LiquidityFX, and FXSpotStream represents a no cost, bilateral, transparent FX price aggregation service from nine of the FX global liquidity providing banks. Unlike other solutions, the 4X|Box does not charge liquidity providers and offers a flat fee model.
“Such collaboration is unique in our industry. smartTrade shares FXSpotStream’s philosophy on transparency and no brokerage fee structure and our cloud offers highly advanced functionalities to both buy side and sell side clients,” says David Vincent, smartTrade’s co-founder and CEO.