LIMASSOL, 2 August 2019. Leading securities firm and liquidity provider Interactive Brokers announced its intention to join Tradesocio’s ecosystem of financial institutions and financial technology providers known as Tradesocio Marketplace. Designed as a financial and technology hub, Tradesocio’s Marketplace provides a coherent infrastructure for decision-makers in the financial services industry, offering a wide spectrum of choice among Tradesocio’s technology, liquidity, aggregation, fund administration services providers and more.
A leading technology provider for the financial sector, Tradesocio offers a wide spectrum of technology solutions, including separately managed accounts (SMA), Mirror Trader, TS Trader, ETF Station and Digital Wealth Advisor (DWA), which integrate easily with any existing infrastructure via API used by financial services providers to connect their front, middle and back-office operations.
Interactive Brokers (IBKR) offers advanced technology that provides “liquidity on better terms”, giving financial institutions a competitive advantage when it comes to price, execution speed and size, as well as the diversity of global products alongside superior trading tools. IBKR also provides direct access trade execution and clearing services to institutional and professional traders for an extensive range of electronically traded instruments, including stocks, options, futures, forex, fixed income, and funds worldwide. Interactive Brokers Group and its affiliates execute a volume exceeding 828,000 trades per day.
The securities and liquidity firm joins the line of Tradesocio’s liquidity partners, thus allowing financial services providers adopting Tradesocio’s technology to also integrate Interactive Brokers’ liquidity engine, using a custom FIX API. To simplify integration, Tradesocio has engineered a comprehensive machine-to-machine communication system based on the financial industry standard FIX Protocol – TS API.
This is an essential and cost-saving tool for developers, which allows them to use fewer computing resources and focus more on running algorithms. With TS API, financial institutions gain access to an advanced multi-asset liquidity solution that facilitates direct connection to 125 markets, 31 countries and 24 currencies, backed by best bid, tight spreads on a diverse range of assets, including Stocks, Bonds, Futures and Futures Options, Options, Funds, Warrants, EFPs, but also combinations of these asset classes, alongside support for 60+ order types, including algos (i.e.: Arrival Price, Accumulate/Distribute, Adaptive Algo, Arrival Price etc.), AON, FOK, Auction Orders, Box Top, Bracket and more advanced, privacy-focused order types such as Dark Ice, Discretionary Orders and much more, alongside real-time market risk management.
Additionally, Tradesocio’s IBKR integration benefits financial services providers by allowing them to “time the market” and optimise the overall trading process by implementing advanced trading functions. “We are pleased to have Interactive Brokers join our Liquidity Providers’ Marketplace. This partnership opens a nexus of opportunities for our existing and potential clients, allowing them to benefit from direct access to multi-asset liquidity and superior execution”, said Tradesocio CEO Wael Salem.