Overview

We help exChange the world

We help banks implement Real-Time FX workflows across all channels to successfully compete with a new wave of Neo Banks

FXWebAPI is the easiest way to:

  • Integrate real-time FX workflows with your current WEB and MOBILE APPs for Retail/SME and Corp segment using our cloud-based FX streaming engine, set of established APIs, and code examples

  • Go live with out-of-the-box FX Platform/Mobile App for your Retail/SME and Corp

  • Offer MULTI-CURRENCY CARDs with rates very close to the interbank market

FxWebAPI is the easiest way to implement Real-Time FX workflows within all internal and customer-facing systems. FXWebAPI is a result of many years of experience in custom development projects performed for European banks.

The integration of Real-Time FX workflows requires domain-specific knowledge. Many times we learned from our customers that effort related to FX integration projects has been significantly underestimated. To address this problem and save many months (and sometimes years) of project management effort, development, and testing we decided to offer a readily available set of Web-Based integration points for FX cash trades.

Key benefits:

  • focus on customer experience and customer acquisition and not on FX workflows

  • be able to offer FX spreads as small as 0.00001

  • stream FX prices to 100 000 customers at the same time without spending a couple of million on hardware

  • process all FX trades ranging from 0.01 EUR to 100 million EUR with one single real-time workflow

A third way...

In previous years we have seen 2 options that were heavily used by banks:

  1. Buy out-of-the-box SaaS solution from established FX White-Label vendors

    • Quick Time-To-Market

    • No major headaches, because all mistakes have been previously made by FX White-Label vendor

    • No/very little customization possibilities

    • Limited integration features

    • No control over the process

  2. Build a proprietary FX solution

    • Time-To-Market often in years

    • Usually, Murphy's law worked quite often

    • After years of development, the client was able to have what was needed on the client-side

FXWebAPI is a third way that is combining the best features of other solutions. We combine Out-Of-The-Box implementation with full ownership of all front-end GUI components and full control over trade execution workflows.

Advantages of FXWebAPI

  • Solution architecture suitable for banks

  • Out-of-the-box integration with your current Digital channels across all customer segments (Retail/SME/Corp)

  • Custom web and mobile front-end GUIs build by your own or our team

  • Full ownership of front-end GUIs with all options to change it according to the newest UX requirement of your organization

  • Ability to easily implement custom execution and booking workflows (no possible in other out-of-the-box SaaS solution)

  • Real-time data distribution to your end customers with no headache

  • Very small need for project management

  • Out-of-the-box low-latency solution for your end clients

  • Reduction of operational and implementation risk

  • No additional hardware/sysadmins for real-time streaming

  • No need to hire 2 domain-specific developers to take care of real-time FX streaming

A single integration point for all FX workflows.

FXWebAPI is an integration middleware between FX Liquidity Provider/Providers and all your external and internal applications. FXWebAPI should become a central point of contact for:

  • Web Front-Ends

  • Mobile Apps

  • all other internal and external applications

By using FXWebAPI you get out-of-the-box:

  • WebSocket Live Stream of FX Rates directly to the end-users

  • RESTful Web Services for:

    • Getting FX rates

    • Performing Executions

    • Placing Orders

    • Canceling orders

    • Getting Deal Blotter and Order Blotter Data

  • Integration via a set of FIX APIs with your FX Liquidity platforms like 360T, Refinitive or single FX provider for full outsourcing of FX risk management

If you don't have an established workflow for FX Liquidity management please drop us a line at: [email protected].

We can help you decide on the most suitable option. Available options are ranging from full outsourcing of FX risk even for trades as small as 1 EUR to options focused more on FX warehousing with automated FX risk management for external trading.

Key Features of FXWebAPI

  • Ability to implement real-time FX workflow withing current platforms within 10 to 15 man-days of developer work for each platform, saving up to 1 year of back and forth discussion between business, project managers, IT managers, and developers.

  • Scalable web-socket streaming engine able to push real-time rates to your external customers

  • Out of the box integration with FX Provider via a set of real-time FIX APIs (Streaming/RFS/Orders)

  • Central Integration point for all FX Workflows

  • Rate freezing for x amount of seconds (not recommended, but sometimes must-have for SOA middleware)

  • Rate and execution caching during the weekend (FX markets as not working on weekends)

  • Data services for Deal and Order Blotters

  • Order State management

  • Deal State Management

  • Reconciliation services

  • Optional multi-region High Availability

  • Currency Pair holiday calendars

  • Set of ready available Websocket and REST APIs with code examples

Other available options:

If you have not found information or service that you are looking for, please drop us a line at [email protected]

We might have the option that you are looking for, will be able to add this option to our service or we will know who has something that you are looking for :)

NextFX Streaming Websocket

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