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TRADERTALK


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platform from Flextrade which has been upgraded several times in order to fulfil our clients needs. We have chosen Flextrade as it had all the right building blocks to create and run a serious agency business. Te platform allows to build bespoke liquidity pools with a flexible management. We preferred to work with a flexible company which is listening to our broking experience and ready to make the necessary changes in order to accommodate our business. In some ways it demands more effort than working with an off the shelf solution but it allows our operation to achieve the goals we fixed and differentiates us from many competitors.


How do you manage and optimise connectivity to your liquidity sources to ensure low latency and to avoid trading on old prices?


We do not use the internet or even VPN but a real collocation with our liquidity sources. Tis means our servers are hosted in the same place as our liquidity providers connecting with us through a cable plugged server to server. Tis eliminates latency, cancelling the possibility of trading on a stale price which will result in a rejection.


We have hosted our platform in Equinix LD4 where most of the banks can cross connect with us instead of connecting with us via other media. Te cross connect eliminates totally the latency between us and the banks. Most of our clients connect with us through the internet with no problems, if they are in countries where latency is an issue we look at dedicated lines between them and us and put them in place.


What e-trading platforms does FX Fifty Five currently use and what factors influenced that choice?


FX Fifty Five currently uses a White Label


“We are not the customer of the banks and consider them as our customer. Tey are


instrumental in our business and our partnership with them is built upon finding the right solutions and creating trust.”


190 | january 2012 e-FOREX


How did you go about building your trading desk IT infrastructure and what steps have you taken to ensure that you offer minimal downtime and guaranteed continuity of services?


As an FX agency we do not have a trading desk but a support desk. We have built a 24h customer service desk covering all IT issues and liaising closely with our technology provider Flextrade. We also make sure we have the right server capacity and bandwidth in place at all times.


In what ways are FX algorithms helping you to achieve more effective implementation of your trading strategies and minimal market disclosure?


We use FX algorithms and offer special solutions to our customers which allow us to slice their orders and time them in multiple different ways.


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