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June 13, 2012

Spotware Systems Announces Collaboration with TopFX



Spotware Systems Ltd recently announced that it will collaborate with TopFX Ltd, a leading FX sub-prime broker, in order to provide greater liquidity access to their financial services clients. Spotware Systems is a leading financial technology company providing NDD trading solutions operating in London.

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TopFX is the latest company to join the list of Spotware partners and further confirms their position as a leader in NDD (No Dealing Desk) manual and algorithmic trading.

In a release, Gabriel Styllas, CEO at TopFX, said, "TopFX is delighted to have completed certification for integration with cTrader which will allow us to expand liquidity options for firms adopting the excellent Spotware solution. Our partnership makes it easy for those already using cTrader to source continuous, tight-spread liquidity, from eligible counterparties and at low margin requirements."

Now, brokers and banks that provide the Spotware manual and algorithmic trading platforms, cTrader and cAlgo, will be able to gain access to a large scale aggregated feed from over 12 tier-1 banks through TopFX's deep liquidity access.

The new agreement also enables clients from TopFX to integrate the cTrader and cAlgo platforms into their service offering. They will also be able to incorporate cTrader Web, which is the web-based version of Spotware's manual trading platform that has the ability to function from any mobile devices or desktop operating systems.

Andrey Pavlov, CEO, Spotware Systems, said, "We are happy to announce TopFX as a new partner. For our clients, this means instant ability to stream pricing from TopFX which aggregates liquidity from leading banks and liquidity providers. This cements cTrader as the first choice option for brokers looking for NDD eFX solutions to meet a growing demand from within the trader community, and helps them win new traders and new volumes."

The Spotware platforms went live in 2010 as a PaaS (Platform as a Service) solution and together with the browser-accessible cTrader Web form part of a robust turnkey solution for companies who want to provide no dealing desk market access to retail and institutional participants.




Edited by Brooke Neuman
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