Sucden Financial offers retail FX broker connectivity with Gold-i and DealHub

Source: DealHub

Sucden Financial has signed a deal with Gold-i and DealHub, enabling the commodity and financial futures and options broker to offer MetaTrader 4 to the retail FX broker market.

Sucden Financial's new systems use the MetaTrader 4 trading platform, the Gold-i Gate Bridge, the Gold-i Gate Link and DealHub for back office integration.

Gavin Parker, Director of Information Systems for Sucden Financial, commented, "We approached Gold-i as the main UK supplier of MetaTrader, the world's leading FX & CFD trading system. In addition we have invested in the Gold-i Gate Bridge, in order to offer super low latency to our clients. Having successfully worked with OCL on post trade integration, we appointed them to implement our Gold-i Gate Link STP interface."

Client Spot trades executed on Metatrader 4 will be received via Gold-i and matched to hedging trades with external counterparties. All deals will be stored within DealHub, made available for real-time overview and archiving, and forwarded to Sucden Financial's downstream risk and trading systems.

Peter Kriskinans, Managing Director of Option Computers Ltd (OCL) stated, "OCL works closely with our clients to quickly develop new feed handlers as required; we are pleased to add connectivity to Gold-i and have this STP feed handler ready for existing and new clients. Having DealHub in place for STP allows clients to rapidly turn on new venues and stream trades through our existing connections to downstream bank systems."

Tom Higgins, CEO of Gold-i commented, "This is a significant deal for Gold-i. In addition to MetaTrader 4, Sucden Financial has invested in a wide range of our products and services, including our bridge to multiple liquidity providers, our Gold-i Gate Link to back office systems, three of our utilities (Gold-i QuoteChecker, Gold-i MarginCaller and Gold-i IB Profit Share) and some consulting and training. We are looking forward to a strong partnership with Sucden Financial and OCL."

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