Reduced Transaction Costs

Through FX aggregation, best bid/offer capabilities, tighter spreads, and aggregated liquidity, CAX users will achieve an overall reduction in transaction costs, enabling traders to optimize their trading objectives and goals.

Reduction of phantom liquidity

The CAX aggregation model reduces the propensity of phantom liquidity and pricing that is broadcasted to the various FX liquidity providers.

Internal Matching Engine & Proprietary Order Routing

CAX internally matches trades between all CAX users and liquidity providers, which in turn provides better price discovery, greater liquidity and results in faster response times and order confirmations to the end user.

Anonymity

CAX users can execute day-to-day currency flows without revealing their position or identity.

Increased trading efficiency with one interface

By using CAX, users no longer need multiple portals/GUIs (i.e. HotSpot, Lava, Currenex) on their desktop. CAX aggregates the functionality, pricing and liquidity all under one GUI without needing increased staff to manage all the various API/GUI connections. CAX users trade on one interface (API Black Box or GUI) and open one account with vCap FX. No separate prime brokerage accounts or back-office infrastructure is needed.

Limited to no "last look provisions"

Due to the aggregation and internal matching advantages of the CAX, we are able to provide our clients with limited to no "last look provision". It is a known fact that various banks and portals may have limited "last look provisions" where by they having a waiting period of several hundred milliseconds to several seconds before doing a deal with a particular account or trader. In the algorithmic trading world, milliseconds can be an eternity. By aggregating the various liquidity sources, last look provisions of banks and portals are minimized and in the case of internally matched trades, the last look provision is zero.