Brokeree Solutions CEO Andrey Kamyshanov on Bridge, Liquidity and Post-Covid Fintech Landscape

Brokeree Solutions is an innovative tech company that specializes in high-grade solution development.

Today, we are happy to welcome Andrey Kamyshanov, CEO at Brokeree Solutions, to join us here at Fazzaco, and listen to what he has to say on topics such as bridge connectivity, liquidity and post-Covid fintech landscape.

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Fazzaco: Hi, thanks for joining Fazzaco! Could you please make a brief introduction about yourself and Brokeree Solutions to our audiences?

Andrey: Hi, my name is Andrey Kamyshanov, and I am a founder and a managing partner at Brokeree Solutions -- a turnkey technology provider for multi-asset brokerages. My focus in the company is research and development.

Fazzaco: What proprietary products do you have? What is your cutting-edge technology?

Andrey: Our solutions cover almost every popular technical issue that brokers face while operating the trading platform. We help brokerages in risk management, market connectivity, bonus distribution technologies, and investment platforms. Our portfolio includes flagship multi-server solutions like Social Trading, PAMM, and Liquidity Bridge, which can become core technologies in a broker's business model.

Additionally, we continuously receive more and more requests from brokers who want to upgrade their MetaTrader infrastructure and migrate trading history or server settings to a new environment. This year we introduced new services aimed at helping our clients set up and maintain their trading platforms.

Fazzaco: How can a fintech company ensure the stability of the MT4/5 bridge? How will infrastructure affect bridge connectivity?

Andrey: We believe that there is no one-model-fits-all solution and offer our clients to host Bridge applications on their premises, where their IT team ensures connectivity and hardware stability. Of course, we also have several technology partners who assist clients with their expertise in hosting and colocation with liquidity providers.

Fazzaco: What LPs and LP pool should an STP and an ECN broker choose? Any difference? What are the factors in considering this?

Andrey: First of all, while ECN or STP brokers choose a liquidity provider, they should consider the following: do they need to expand their trading offer by increasing the number of available symbols? Do they want to improve trading conditions for clients by providing better quotes?

Moreover, there are several crucial factors. Firstly, it makes sense to consider only those liquidity providers who operate within the requirements established by the broker's regulator. Secondly, liquidity providers with similar offers may differ in the quality of provided services, such as prices and the stability of incoming quotes. For example, one LP provides stable and profitable quotes for major pairs, but its liquidity offer for exotic symbols could be better. In this case, if a broker wants both major and exotic instruments, he will probably need to use the services of several liquidity providers simultaneously to ensure the best trading conditions for his clientele.

Fazzaco: What are your targeted audience? Which region in your opinion has the largest potential?

Andrey: Our clients are forex, CFD, and multi-asset brokers from different regions who use MetaTrader 4 or 5 platforms.

One of the most accelerated trading zones, I should name, is the Middle East, where the UAE is introducing new opportunities for retail trading via DFSA, setting an example for the entire region. Dubai is quickly becoming a business hub for the trading industry in the region, with large international B2C and B2B expos.

Fazzaco: Can you foresee the post-COVID 19 B2B forex industry? When challenges are faced by fintech companies?

Andrey: I would like to start by defining what we mean by the term 'post-COVID 19 industry'? If we talk about areas that have been directly affected by the pandemic, I would say that a lot of brokers have seen that technically they are not ready for the bigger traders amounts and trading volumes in general. It was demonstrated with server overloads and unique market situations, as with the oil dropping below zero in April 2020.

But if we talk about all processes that happened after the pandemic, but not necessarily connected with it, we can notice some more intriguing trends. For example, brokers are changing their business strategies from providing all services to providing specific services with better conditions. Thus, by concentrating on specific solutions, brokers can create unique trading offers and stand out from competitors.