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@cBridge, Spotware's standalone liquidity bridge, has partnered with @Tapaas, a real-time risk intelligence platform for FX and CFD brokers.
The partnership connects cBridge trading and execution data with live analytics covering exposure, execution quality, client behaviour and profitability.
cBridge delivers real-time price aggregation and flexible order routing across connected trading platforms and liquidity providers. Its modular architecture lets brokers scale trading volumes and maintain individual components without interrupting live trading.
Tapaas analyses risk for dozens of brokers, covering tens of trillions in trading flow in real time. According to Tapaas, a trade can be received, processed and presented on its platform in under 10 milliseconds.
@cBridge and @Tapaas share a common view on pricing, with neither model tied directly to trading volume. cBridge prices the infrastructure required to run the bridge, while Tapaas prices according to the number of integrations.
Jonathan Squires, CEO, Tapaas
Jonathan Squires, CEO, Tapaas commented:
"If you're penalising one of your clients for growth, your incentives are not aligned."
For brokers, the integration connects cBridge trading and execution data with Tapaas' real-time analytics. Exposure, open positions and PnL are visible in real time, allowing brokers to react faster to market movements and reduce risk events.
Execution quality, flow behaviour and LP performance help trading departments make liquidity and routing decisions, while profitability data by client, instrument and book helps brokers understand what generates or erodes revenue.
The partnership is aimed at both scaling brokers and newer market entrants. Established brokers get the combination of Tapaas' real-time risk intelligence and Spotware's in-house expertise behind cBridge, helping their teams work through complex trading activity and catch operational issues early. Newer brokers can start with technology that helps them avoid overcomplicating their infrastructure.
Jonathan Squires, CEO, @Tapaas commented:
"When it comes to cBridge, they have a distinct advantage over other bridges. They have a long, successful history in trading platforms. They know brokers back to front, and they know their pains, their problem areas and their bottlenecks. The product has been built by people who understand those pain points and know how the system is used in practice."
Alexis Droussiotis, Co-General Manager, cBridge
Alexis Droussiotis, Co-General Manager, cBridge said:
"cBridge provides the execution and connectivity layer, while Tapaas adds the real-time intelligence brokers need to understand the risk, performance and profitability behind that flow. Together, the integration gives dealing and risk teams clearer visibility to make faster, better-informed decisions as markets move."
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