Fintech provider, Takeprofit Tech, which is based in Russia and Cyprus, announced on Wednesday that it has promoted Valerie Styazhkova to the Head of its Cyprus office.
In the new role, she will be responsible for strengthening the relationship with the company’s current local clients and partners. Further, she will enhance communication with brokers and liquidity providers
Liquidity Providers
A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on the bid-ask spread.In doing so, these entities theoretically ensure greater price stability and also improve liquidity by making it easier for traders to buy and sell at any price level. Market liquidity providers also oversee an important service and take on a significant amount of risk.However, these are still able to profit from the spread or by positioning themselves on the basis of the valuable information available to them.Analyzing Liquidity Providers Relationship with BrokersIn addition, liquidity providers also delivering interbank market access to retail brokers. They are typically large multinational investment banks, or other financial institutions that can be non-bank entities. Each liquidity provider is streaming executable rates to the broker whose aggregator engine is selecting the best bid and ask and streams it to clients to deliver the best possible spread.The broker is the direct counterparty to all trades executed with the liquidity provider and typically only uses them to offload flows which it finds uneconomical to internalize. That said, some brokers are sending all of their flow to liquidity providers.Liquidity providers have a set of characteristics which are determining their suitability and reliability – such are order rejection rates, spreads, and latency. Brokers which aren’t monitoring the flow adequately are risking to deliver to their clients’ bad fills, which consequently result in customer complaints since the customer is consistently not getting the displayed or requested price.
A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on the bid-ask spread.In doing so, these entities theoretically ensure greater price stability and also improve liquidity by making it easier for traders to buy and sell at any price level. Market liquidity providers also oversee an important service and take on a significant amount of risk.However, these are still able to profit from the spread or by positioning themselves on the basis of the valuable information available to them.Analyzing Liquidity Providers Relationship with BrokersIn addition, liquidity providers also delivering interbank market access to retail brokers. They are typically large multinational investment banks, or other financial institutions that can be non-bank entities. Each liquidity provider is streaming executable rates to the broker whose aggregator engine is selecting the best bid and ask and streams it to clients to deliver the best possible spread.The broker is the direct counterparty to all trades executed with the liquidity provider and typically only uses them to offload flows which it finds uneconomical to internalize. That said, some brokers are sending all of their flow to liquidity providers.Liquidity providers have a set of characteristics which are determining their suitability and reliability – such are order rejection rates, spreads, and latency. Brokers which aren’t monitoring the flow adequately are risking to deliver to their clients’ bad fills, which consequently result in customer complaints since the customer is consistently not getting the displayed or requested price.
Read this Term that are not the company’s clients as of yet.
“I am very pleased with the opportunity to work directly in Cyprus,” Styazhkova said.
Cyprus: Europe’s FX Hub
Cyprus is home to many forex and fintech companies that are offering services in the European Economic Area. Takeprofit’s presence in the Mediterranean island is strategic as it will bring it closer to its existing and potential clients.
“Our presence there opens up a number of doors for interaction with the local market, since personal contact helps build closer relations, it’s always more effective and better than remote interaction. This will also be of great significance for our clients and partners, since this will allow us to collaborate more actively and solve their business problems faster,” Styazhkova said.
She has been placed in the key position despite having a short career in the industry. She joined Takeprofit in August 2019 as a Senior Account Manager and then was promoted to Product Manager. Then, she worked in developing Takeprofit Tech’s principal liquidity aggregation solution, Takeprofit 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 Hub. She will continue working with the Russian development team on the liquidity hub, the company confirmed.
Before Takeprofit, Styazhkova had a short stint at NSYS GROUP as a Sales Manager.
Meanwhile, Tradeprofit Tech is expanding its industry presence by inking deals with others. Most recently it partnered with Turkish FX broker, Arab Capital Markets.
Fintech provider, Takeprofit Tech, which is based in Russia and Cyprus, announced on Wednesday that it has promoted Valerie Styazhkova to the Head of its Cyprus office.
In the new role, she will be responsible for strengthening the relationship with the company’s current local clients and partners. Further, she will enhance communication with brokers and liquidity providers
Liquidity Providers
A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on the bid-ask spread.In doing so, these entities theoretically ensure greater price stability and also improve liquidity by making it easier for traders to buy and sell at any price level. Market liquidity providers also oversee an important service and take on a significant amount of risk.However, these are still able to profit from the spread or by positioning themselves on the basis of the valuable information available to them.Analyzing Liquidity Providers Relationship with BrokersIn addition, liquidity providers also delivering interbank market access to retail brokers. They are typically large multinational investment banks, or other financial institutions that can be non-bank entities. Each liquidity provider is streaming executable rates to the broker whose aggregator engine is selecting the best bid and ask and streams it to clients to deliver the best possible spread.The broker is the direct counterparty to all trades executed with the liquidity provider and typically only uses them to offload flows which it finds uneconomical to internalize. That said, some brokers are sending all of their flow to liquidity providers.Liquidity providers have a set of characteristics which are determining their suitability and reliability – such are order rejection rates, spreads, and latency. Brokers which aren’t monitoring the flow adequately are risking to deliver to their clients’ bad fills, which consequently result in customer complaints since the customer is consistently not getting the displayed or requested price.
A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on the bid-ask spread.In doing so, these entities theoretically ensure greater price stability and also improve liquidity by making it easier for traders to buy and sell at any price level. Market liquidity providers also oversee an important service and take on a significant amount of risk.However, these are still able to profit from the spread or by positioning themselves on the basis of the valuable information available to them.Analyzing Liquidity Providers Relationship with BrokersIn addition, liquidity providers also delivering interbank market access to retail brokers. They are typically large multinational investment banks, or other financial institutions that can be non-bank entities. Each liquidity provider is streaming executable rates to the broker whose aggregator engine is selecting the best bid and ask and streams it to clients to deliver the best possible spread.The broker is the direct counterparty to all trades executed with the liquidity provider and typically only uses them to offload flows which it finds uneconomical to internalize. That said, some brokers are sending all of their flow to liquidity providers.Liquidity providers have a set of characteristics which are determining their suitability and reliability – such are order rejection rates, spreads, and latency. Brokers which aren’t monitoring the flow adequately are risking to deliver to their clients’ bad fills, which consequently result in customer complaints since the customer is consistently not getting the displayed or requested price.
Read this Term that are not the company’s clients as of yet.
“I am very pleased with the opportunity to work directly in Cyprus,” Styazhkova said.
Cyprus: Europe’s FX Hub
Cyprus is home to many forex and fintech companies that are offering services in the European Economic Area. Takeprofit’s presence in the Mediterranean island is strategic as it will bring it closer to its existing and potential clients.
“Our presence there opens up a number of doors for interaction with the local market, since personal contact helps build closer relations, it’s always more effective and better than remote interaction. This will also be of great significance for our clients and partners, since this will allow us to collaborate more actively and solve their business problems faster,” Styazhkova said.
She has been placed in the key position despite having a short career in the industry. She joined Takeprofit in August 2019 as a Senior Account Manager and then was promoted to Product Manager. Then, she worked in developing Takeprofit Tech’s principal liquidity aggregation solution, Takeprofit 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 Hub. She will continue working with the Russian development team on the liquidity hub, the company confirmed.
Before Takeprofit, Styazhkova had a short stint at NSYS GROUP as a Sales Manager.
Meanwhile, Tradeprofit Tech is expanding its industry presence by inking deals with others. Most recently it partnered with Turkish FX broker, Arab Capital Markets.
Source: https://www.financemagnates.com/executives/moves/takeprofit-tech-promotes-valerie-styazhkova-as-cyprus-office-head/