Liquidity Aggregator
The need for designing in-house high-technology architecture of liquidity aggregation was not only dictated by the
shortcomings of technologies offered on the market, but also by the desire to eliminate all risks from the STP/NDD
agency model associated with the concentration of all the company's trading turnover in one liquidity provider. It
is not a secret that a high level of decentralization of the currency market allows the largest market makers to
use variative algorithms for customization of feeds, which, in turn, forces brokers who earn on resale of
liquidity to create their own technologies for automatic search of better prices in order to provide them to the
final consumer.
From the moment the liquidity aggregator was launched, ForexChief has been continuously working on its
development. The modular structure of the system means that only can liquidity be arranged from
ECN-platforms, banks, large-market-makers, and institutional brokers into a unified stream but it can also
take the quality of execution of trading orders to a brand new level. Ultimately, it is because the technological
equipment provided by a large number of providers in the area of liquidity aggregation has shaped the
competitive advantages of foreign exchange brokers. This way, innovative developments play a significant role in
expanding the possibilities of agency scheme and allow the company to offer traders high speed execution of
orders, narrow spreads, low level of slippage and insignificant number of rejected orders.
Taking into consideration trading credits that can be used as margin security for transactions, as well as the
profitable conditions of the bonus program, ForexChief clients have an opportunity to improve their trading
results significantly. Along with the transparent policy of execution of client orders assuming, to the same
extent, positive and negative slippage, the aggregator model stands out as an inseparable part of the company's
business logic and allows it to compete with leading providers on the foreign exchange market. Ultimately, the
development of STP/NDD technology by way of integrating aggregator modules with the Meta Trader 4 platform creates
opportunities, not only for embellishing trading conditions, but also for generating a comfortable environment for
traders systematically.
Liquidity Aggregation Scheme
