Sucden Financial adds Index and Commodity CFDs to its API offering

Monday, December 17, 2012

Sucden Financial now provides Index and Commodity CFDs through its API, strengthening the organisation’s offering to retail brokers who have their own execution systems. Through Sucden Financial, clients seeking competitive liquidity into trading platforms such as MetaTrader now have the option of streaming FX and CFDs.

Jonathan Brewer, Head of E-FX Business Development at Sucden Financial comments, “Up until now, we have only offered these CFDs to clients who use our white label, not to our clients who require liquidity-only solutions. We realised we were missing out on a significant business opportunity because CFDs are becoming increasingly important for retail brokers.

“We were having a lot of conversations with clients who wanted our FX liquidity because they felt that it was the most competitive on the market. However, we were losing some of this business because we didn’t also offer CFDs. Whilst CFDs aren’t the prime product by volume, it became apparent that retail brokers wanted a ‘one stop shop’ for their products. We are delighted to be able to meet our clients’ requirements and provide both FX and CFDs through our API.”

Sucden Financial’s E-FX offering is built with a strong understanding of the latest developments in the industry and a history of almost 40 years in the financial markets. Platform agnostic liquidity is provided on a 100% STP basis and is internationally recognised as delivering fast, deep liquidity with the tightest spreads. For organisations requiring technology to access the retail FX market, Sucden Financial also offers a range of white label solutions, tailor-made to suit each client’s specific requirements.

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