FXCubic, a trading technology provider for institutional and retail brokers, has integrated Refinitiv Elektron as a service into their ecosystem.
Real-time data from Refinitiv’s platform, formerly the Financial and Risk business of Thomson Reuters, will be made available to users in a move to simplify access to real-time price information and reducing the need for investment in infrastructures.
The core of the integration of Elektron into FXCubic consists of a consolidated, low-latency feed that delivers access to 500+ exchanges globally, thousands of OTC markets, more than 100 million instruments as well as exclusive MiFID II-regulated content.
Depending on their business model and market conditions, Refinitiv Elektron offers partners an ultra-low latency order routing and pricing engine, also giving the institutions the opportunity to connect to a wide range of liquidity providers. This includes cross-asset market and pricing data, providing 9 million prices updates per second over 84 million instruments and 2.5 terabytes of real-time pricing daily.
With its extensive data businesses across asset classes, Elektron allows its users to complete integration as a standalone service or as part of a larger managed-services offering.
FXCubic’s CEO, Ege Kozan, commented: “FXCubic, has changed the fintech landscape over the last few years with the stability, unique features, numerous integrations and high-performance of our bridging and aggregation solutions. This addition of such a strong liquidity provider will extend our reach and empower our clients to offer much more on their platform.”
FXCubic API enables users to react to changes both in markets and their own books. It also allows for monitoring total exposure and adjusting markups for each instrument independently.
This new integration with Refinitiv Elektron was the latest in a series of collaborations that FXCubic has forged with high-end technology providers. Part of its integration package, it would also have access to Tradeweb® corporate and sovereign bond pricing, MarketAxess’ 35,000 instruments, Reuters News, Refinitiv® FXall® and dozens of other data sources from around the globe.
Based in London and Cyprus, FXCubic is a relatively new entrant into the competitive finance technology landscape, offering pricing engine and order routing solutions. Its offering consists of bridging, aggregation, and risk management solutions to manage all the aspects of FX and CFD brokers’ offerings.