Edgewater Markets, a leading technology provider offering access to the FX markets globally, announced a partnership with OpenFin, the operating system (OS) for enterprise productivity, to provide extra native desktop capabilities for FX traders on Monday. The partnership has seen the full suite of products offered by Edgewater Markets now available on OpenFin and is being distributed to FX clients across the world.
Edgewater Markets migrated its products on the OpenFin platform because of increased customer demand derived from limitations associated with browser workflow processes. As a result, Edgewater Markets is using the OpenFin platform to offer a more flexible UX that enables users like Tier 1 and 2 banks, emerging market and regional banks, macro funds, high-frequency funds, pension funds and corporates to customize their workspace.
Edgewater Markets’ development has made full product parity with the existing browser version, in addition to enhanced benefits provided by OpenFin. By leveraging OpenFin’s main product, web-based operating system (OS), Edgewater Markets’ clients can now take advantage of an enhanced UX/UI experience across the desktop, such as window management for efficient workflows and desktop real estate management, while maintaining enterprise-grade security, zero-install, memory retention and native desktop capabilities.
Brian Andreyko, CFA, the Chief Product Officer at Edgewater Markets, said: “Our clients needed more robust windowing performance from our platform. Since partnering with OpenFin, users have been very happy with the enhanced user experience due to window management capabilities, and have seen an upgrade in performance of data delivery as a result. Our development team was able to deliver the solution within four weeks utilizing the OpenFin framework, and we were off and running.”
Meanwhile, Adam Toms, the CEO of Europe at OpenFin, added: “Edgewater Markets plays a valuable role in helping FX traders access liquidity in emerging markets areas. Connectivity to OpenFin has helped Edgewater clients to have better control over their desktop real estate and perform more efficiently overall.”
Since the initial launch in Q3 of 2021, Edgewater Markets on OpenFin has been deployed into production accessible from its data centers in Singapore, London, New York and Tokyo.
Business Growth through Diversification
In July last year, Edgewater Markets launched a new foreign exchange (FX) trading and pricing engine in Singapore (SG1) as part of an extension of its global growth strategy. Recently Edgewater launched a subsidiary arm, Edgewater Digital Technologies, a company that offers a class
trading platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term that enables institutional clients to trade cryptocurrencies. As a part of this move, Edgewater made several changes to its business by restructuring its top-level key management roles. To ensure better service offerings to its customers, Edgewater has been expanding its presence in the global markets and aggressively strengthening its team.
Edgewater Digital Technologies has a low latency electronic trading network with data centers in Mexico City, New York, London and Tokyo through which the firm provides its customers with access to global
liquidity
Liquidity
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Read this Term via its trading platform.
Edgewater Markets, a leading technology provider offering access to the FX markets globally, announced a partnership with OpenFin, the operating system (OS) for enterprise productivity, to provide extra native desktop capabilities for FX traders on Monday. The partnership has seen the full suite of products offered by Edgewater Markets now available on OpenFin and is being distributed to FX clients across the world.
Edgewater Markets migrated its products on the OpenFin platform because of increased customer demand derived from limitations associated with browser workflow processes. As a result, Edgewater Markets is using the OpenFin platform to offer a more flexible UX that enables users like Tier 1 and 2 banks, emerging market and regional banks, macro funds, high-frequency funds, pension funds and corporates to customize their workspace.
Edgewater Markets’ development has made full product parity with the existing browser version, in addition to enhanced benefits provided by OpenFin. By leveraging OpenFin’s main product, web-based operating system (OS), Edgewater Markets’ clients can now take advantage of an enhanced UX/UI experience across the desktop, such as window management for efficient workflows and desktop real estate management, while maintaining enterprise-grade security, zero-install, memory retention and native desktop capabilities.
Brian Andreyko, CFA, the Chief Product Officer at Edgewater Markets, said: “Our clients needed more robust windowing performance from our platform. Since partnering with OpenFin, users have been very happy with the enhanced user experience due to window management capabilities, and have seen an upgrade in performance of data delivery as a result. Our development team was able to deliver the solution within four weeks utilizing the OpenFin framework, and we were off and running.”
Meanwhile, Adam Toms, the CEO of Europe at OpenFin, added: “Edgewater Markets plays a valuable role in helping FX traders access liquidity in emerging markets areas. Connectivity to OpenFin has helped Edgewater clients to have better control over their desktop real estate and perform more efficiently overall.”
Since the initial launch in Q3 of 2021, Edgewater Markets on OpenFin has been deployed into production accessible from its data centers in Singapore, London, New York and Tokyo.
Business Growth through Diversification
In July last year, Edgewater Markets launched a new foreign exchange (FX) trading and pricing engine in Singapore (SG1) as part of an extension of its global growth strategy. Recently Edgewater launched a subsidiary arm, Edgewater Digital Technologies, a company that offers a class
trading platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term that enables institutional clients to trade cryptocurrencies. As a part of this move, Edgewater made several changes to its business by restructuring its top-level key management roles. To ensure better service offerings to its customers, Edgewater has been expanding its presence in the global markets and aggressively strengthening its team.
Edgewater Digital Technologies has a low latency electronic trading network with data centers in Mexico City, New York, London and Tokyo through which the firm provides its customers with access to global
liquidity
Liquidity
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Read this Term via its trading platform.
Source: https://www.financemagnates.com/institutional-forex/edgewater-markets-partners-with-openfin-to-accelerate-digital-transformation-in-fx-markets/