Tier1 and Tier2
BuzzFx is a primary liquidity provider that acts as a middleman in the securities markets. We buy large volumes of securities directly from the world exchanges from the companies that issue them and then distribute them in batches to financial institutions who then make them available directly to retail investors.
The financial market thrives on liquidity, as it makes the market extremely efficient. BuzzFx ensures an easier transaction flow, cheaper costs of transactions as well as more competitive pricing of currency pairs.
Strictly speaking BuzzFx receives its liquidity, from Tier 1, Tier2 and directly from all major exchanges.
Tier 1 Providers
The Tier 1 liquidity providers are the large global banks like HSBC, Citibank, Deutsche, etc. who provide price quotes for all the currency pairs that use ECN (Electronic Communication Network) in the market. Basically, these giant banks set the benchmark for BuzzFx.
Tier 2 Providers
The Tier 2 liquidity providers, are prime brokers that are well known in the financial market, These Tier 2 liquidity providers act as intermediaries between big banks and other financial institutions.
BuzzFx Tier two liquidity providers are a group of well-established financial institutions.
the offer consist of a complete order book via BuzzFx trading platform and via FIX protocol showing the history of each trade. A range of products/instruments with multi-asset options like FX, commodities, index futures, spot metals, energies, and equities.
Execution — Trade Execution being extremely fast (at least below 100 ms), without rejects or requotes, with a high time-priority execution and full post-trade transparency.
Pricing — Competitive spreads and commissions, but also low overnight fees; Best quality possible at the cheapest price possible
Data and Price feeds — Stable and reliable feeds (both data and price feeds)
Slippage— Daily Slippage statistics on negative and positive slippage adds high value to your FX trading, regardless of the size of your business.
Reporting — Full reporting packages including email reporting, full reconciliation reporting, profitability reporting, trade reporting (open and closed trades), FIX bridge reporting, tick data, order book access, etc.,
*Full range of software solutions:
- FIX protocol connection & other API
- MT5 bridge connection,
- Multiple bridging solutions.