Challenge
The Spotex electronic communications network (ECN) delivers fair, transparent foreign exchange trade matching that increases customer profitability by reducing response times and minimizing the difference between the prices at which orders are placed and filled, commonly called slippage. This requires the reliable distribution of real-time data with extremely low latency.
Solution
Spotex uses Solace PubSub+ as the low latency messaging foundation of their ForEx ECN.
Benefits
By efficiently distributing information between trade participants and Spotex’s high-speed matching engine, Solace technology ensures high availability to avoid many types of possible failures, which is essential to the 24-hour nature of FX markets.
Spotex provides a fast, unbiased and reliable FX exchange to serve the retail client base with the highest level of integrity and transparency.