Exclusive interview FNG… Trading Technology Gold-i is experiencing significant demand from commercial companies for the advanced liquidity management platform, Matrixnet. FNG spoke to Tom Higgins, Gold-I’s chief executive about commercial transactions and why Gold-i’s offer is ideal for businesses seeking access to encryption liquidity.
Fng: Hi Tom, and thank you for participating today. What developments do you see in the trade sector?
Someone: Prop trading is undoubtedly the fastest growing area in retail. There was a year, not long ago, when there was a lot of negativity around businesses, but the market has now become more professional. Many ruthless companies have been closed and the most reliable are thriving.
The launch of the Prop Association (TPA)-an independent self-regulatory body created to promote transparency, accountability and justice in the field of trade-is a positive step forward. TPA members must meet certain criteria, so being a member adds credibility to businesses, signaling a strong commitment to compliance with high standards.
A further development is the launch of the special events of the industry, with the first Expo of London Prop Trading on September 27 (which Gold-i).
As the trade industry has matured, traders using their services have also evolved. They become smarter to know which businesses they trust and what to look out for to avoid less reliable businesses. While many promotion companies have started on FX, most have added encryption to their offer in response to customer demand. Cryptographic trade companies are increasingly obvious. This is not surprising, as encryption markets operate 24/7 and customers of companies, such as assets that can exchange weekends.
Fng: What is the Matrixnet of the Gold-i most addressed to businesses?
Someone: Matrixnet, the advanced liquidity management platform is integrated with over 80 liquidity providers and 35 encryption exchanges. It allows promotion companies to simulate the actual market trading conditions and to access cryptographic liquidity and FX liquidity on the same platform. Promotion companies want the commercial environment for the challenges to look as real as possible – and we are very good at simulated live trade.
As traders do not negotiate real money at this stage, huge volumes are negotiating daily – and our technology has been developed to process millions of orders a day. We can process orders 24/7 without the need for a break.
When traders go on live transactions, we are and we were preparing to host it too. Matrixnet is integrated into all major front -trading platforms, such as Tradelocker and Devexperts. We can also import trade companies to our CRM partners, ensuring that they have all the information they need for their commercial work.
Fng: How did you customize your commercial model that fits into commercial trading companies?
Someone: Our commercial model is one of our most important differentiated ones, as we reflect the model used by promotion companies. During the evaluation stage, we charge one user pay for traders, with no trading fee-replicating how many PRO companies are operating. Once traders go by successfully beyond the challenge phase and enter the funded stage, the model shifts: We charge the trading fees instead of a user fee. In this way, we match the commercial needs of commercial companies.
Fng: Are you one of the speakers at the show prop trading in September, what will you talk about?
Someone: The Prop Trading Show is for a common B2C and B2B. I hope to convey the importance to traders to choose a business with strong technology behind it. When choosing a business to exchange, they will need to ask questions such as: “Will you connect me with a real LP?”, “Do you have full 24 × 7 support so I can talk to someone if needed?” What are your conversion rates from evaluation to funded accounts? “What assets do you offer?” “What is the withdrawal process?” “How do I know you are legal?”
For the public B2B, I want to go through that we have excellent technology and experience in this time – and helping to professionally professionally. We can provide an excellent simulated environmental environment, access to competitive encryption prices and FX liquidity and a wide range of advanced liquidity management features.