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Crypto exchange and forex brokerage TheTrueTrade (TTT) has partnered with institutional liquidity provider X Securities @XSecurities to strengthen its dealing desk and risk management operations, introducing round-the-clock monitoring of client trading activity, market exposure and execution.
Under the agreement, TTT will gain access to X Securities' dealing and risk management infrastructure, supported by a dedicated 24/7 dealing team. The arrangement brings together exposure monitoring, client flow analysis, trade routing, hedging oversight and trading administration within a single operating environment.
The partnership is intended to give TTT greater control over its trading book as it expands its crypto exchange and forex brokerage operations, while reducing unnecessary hedging and execution costs.
Managing Client Flow and Market Exposure
A central component of the agreement is the analysis and management of different types of client trading flow.
Not all client activity presents the same risk profile for a broker. Trading strategies, execution behaviour and position concentrations can have significantly different implications for a firm's exposure and profitability.
X Securities' dealing team will monitor TTT's open positions and market exposure, assess client trading behaviour and review decisions around whether trades should be hedged externally or managed within the broker's trading book.
The service will also cover the identification of potentially abusive trading strategies, including certain forms of arbitrage and latency-sensitive trading, with adjustments to routing, execution conditions or risk parameters where appropriate.
In addition, X Securities will support trading group configuration, operational administration and reporting, providing TTT's management with greater visibility over execution quality, hedging activity and overall trading performance.
Improving the Economics of the Dealing Desk
Farzin Vajihi, CEO of X Securities
Farzin Vajihi, CEO of X Securities, said the role of a dealing desk extends beyond monitoring market exposure.
"An effective dealing desk should do much more than monitor exposure. Its role is to understand the flow, manage the risk behind it and improve the economics of the trading business." - Farzin Vajihi, CEO of X Securities
The outsourced dealing model combines specialist dealers with risk management technology, allowing brokerage operators to access continuous monitoring and execution oversight without having to build the same level of infrastructure and staffing internally.
According to X Securities, its approach has delivered average operational cost reductions of approximately 20% and trading revenue improvements of around 15% across its existing dealing desk mandates.
Vajihi said:
"Across our dealing desk mandates, this approach has proven to reduce operational costs by an average of around 20% while increasing trading revenue by approximately 15%. The exact impact depends on the structure and flow of each business, but the principle is consistent: better flow management should deliver stronger risk control and better commercial outcomes."
Supporting TTT's Trading Operations
TheTrueTrade operates across cryptocurrency and leveraged financial markets, offering centralised exchange and Web3 trading infrastructure, including perpetual markets and advanced order execution tools. The company states that its platform serves more than 650,000 users.
As part of the ongoing arrangement, X Securities will review TTT's trading environment and adapt its risk parameters, routing and hedging processes in response to changes in client trading behaviour and market conditions.
X Securities Mauritius Ltd is authorised and regulated by the Financial Services Commission of Mauritius as an Investment Dealer (excluding underwriting), according to the company's announcement. Alongside institutional liquidity provision, it offers outsourced dealing desk and risk management services to professional trading businesses.
Further information is available at X Securities. You can message Farzin Vajihi, CEO of X Securities directly here: @farzin_vajihi .
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