Comparison of
Business models
Compare business models at a glance. Identify the best solution for your requirements that perfectly aligns with your business strategy.
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Centralized - Decentralized exchanges
Centralized - Decentralized exchanges
Centralized
exchange
exchange
Decentralized
exchange
exchange
Comments
Centralized
exchange
exchange
Decentralized
exchange
exchange
Comments
Operated by Intermidiary Organization
Centralized exchanges imply ownership by some company
Margin trading
DEX do not offer leverage for trading in comparison to centralized exchanges
KYC and AML policy
DEX are quite often used for money laundring therefore are chased by governments due to suspicious activities
Funds custody
The user's funds are not stored in one centralized place in case of DEX
Fiat transactions
Due to the nature of DEX it's impossible to use any fiat funds
On-chain transactions
DEX work as p2p (peer-to-peer) using the cross-chain atomic swaps and smart-contracts
No recovery ability
Users store private keys on their own. If they lose it - then the funds will be lost forever
Deep liquidity
It might be not enough volume to exchange the desired assets on DEX
Large Set of Assets
On centralized exchanges the set of assets is way larger moreover on DEX non-popular instruments are commonly exchanged
Non-consistent trading fees
In case of DEX fees are based on blockchain network load therefore may rise up in hundreds of times
Increased hacking possibility
All the client's funds are located on their own wallets, i.e. there are no 'common hot' and 'cold' wallets
Crypto-fiat pairs
On DEX there is no possibility to use and exchange fiat funds
Low trading fees
In general the trading fees are lower on DEX
Higher privacy
Centralized exchanges have regulatory obligations and report about users with high volume or suspicisious transactions
Immediate execution
Due to transactions in DEX are held in blockchain it takes time to execute them
Counterparty risk
The clients' funds are stored on the side of the organization in case of centralized exchange that may be a subject for fraud activities by onwers
Variety of Order Types
Centralized exchanges have limit, stop, trailing, etc orders while DEX have only market orders in common
Maker/taker fee structure
On decentralized exchanges there is no difference between the maker and taker
Features availability
Centralized exchanges offer spot/margin/futures trading, staking options, cloud mining pools etc, while DEX are used purely for trading
User-friendly
For end-users the interface of the centralized exchanges is way more familiar in comparison to DEX
Obligatory registration
In centralized exchanges the registration is mandatory while DEX do not store any client's data and there is no registration in its sense
Popularity
The majority of users prefer to use centralized exchanges due to various reasons
Simplicity for end-users
DEX are more complex for the understanding of the customers and therefore are less popular
Availability for corporate clients
Companies do not and even can not sign agreements with DEX because there is no registered entity behind DEX
Marketing
Google, Twitter and other Advertising networks require licensing for the cryptocurrency exchange that is not applicable for DEX
Frequent updates
Centralized exchanges tend to improve the UX way more often in comparison to DEX
Commissions ladder
Centralized exchanges commonly use comissions ladder while on DEX it is impossible to set it because the transactions are on-chain
Industry standard
On CoinMarketCap there are almost 500 centralized exchanges versus 75 decentralized ones
Variety of API Methods
REST, WebSocket and even FIX are available on centralized exchanges while DEX have quite scarce API or even don't have any
1
User initiates the request to load balancer.
2
Load balancer delivers information to frontend server.
3
Front-office validatesrequest and sends it to order matcher server.
4
Order matcher receives request and executes it immediately or inputs order into order book for execution.
5
Front-office receives updates from order matcher and updates the information for user back-office services.
6
The trade Market data services then publishes public updates to public web sockets.
7
This information includes order book updates, charts updates, trade history updates and mini-tiker updates.
8
Market data service aggregates information into charts bars and writes it to the market database.
1
User connects his wallet (Metamask, Trustwaller, Binance Cahin wallet, etc) to DEX
2
User initiates a request to swap one token into another with a certain price and volume
3
A Smart contract with the order details is being created in the blockchain
4
The DEX Matching system enlarges the liquidity pool with client’s order
5
Front-office receives updates from the DEX order macthing to renew information for back-office services
6
When the best bid best ask are crossed, the orders match with the execution price of “maker”
7
The smart-contract is being executed with the eventual transfer to user’s connected wallets
1
User Trades from his own wallet. There is no custodity
2
User has an option to store (pool) his assets in a united liquidity pool for future benefits. The fact of assets being pooled is fixed in a smart contract
3
As transactions occur in the pool, profit from commisions is shared between pool participants
4
There is no order book. Users add one asset to the pool and take the other asset from the same pool
5
Price at which assets are exchanged is determined by a strict formula which ensures that original ratio of assets in the pool remains the same
6
Price is always provided by Automated market making system (AMM). There is no buyer and seller like in order book. When making a transaction user interfers directly with the liquidity pool.
31:21
Crypto Expo Dubai 2021: CEO Arthur Azizov Keynote Speech
In his recent Crypto Expo Dubai keynote speech, CEO Arthur Azizov covers a range of topics relating to questions frequently asked by prospective clients. Arthur discusses whether it is better to launch a centralised or decentralised exchange, then goes on to talk about different types of liquidity including Spot, Spot Margin, Organic Liquidity, Market Makers Services, Marksman Liquidity Hub & Ad-Hoc Connection. But that’s not all...viewers can also benefit from Arthur’s knowledge of Crypto Processing and an in-depth examination of what solution to choose to get started in business (WL vs Source Code vs Custom Development), as well as the pros and cons of each. He concludes with a rundown of B2Broker’s Ecosystem and an overview of what you can expect from B2Broker in the future. Encyclopedic knowledge packed into 30 mins! A must-watch!
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B2Trader Spot - Converter
B2Trader Spot - Converter
B2Trader
Converter
B2Trader
Converter
Order Types
Market FOK?
Fill or Kill order (to execute a transaction immediately and completely or not at all) by current market price
Market IOC?
Immediate or Cancel order (to execute all or part immediately and then cancel remained) by current market price
Limit GTC?
Good till Cancel order (remains active until either the order is filled or the client cancels it) by requested limit price
Limit GTD?
Good till Date order (remains active until the order is filled or until a specified date or until the client cancels it) by requested limit price
Limit DAY?
Day order (to execute a trade at a specific price that expires at the end of the trading day if it is not completed) by requested limit price
Stop GTC?
Good till Cancel order (remains active until either the order is filled or the client cancels it) by market price when it hits requested stop price
Stop GTD?
Good till Date order (remains active until the order is filled or until a specified date or until the client cancels it) by market price when it hits requested stop price
Stop DAY?
Day order (to execute a trade at a specific price that expires at the end of the trading day if it is not completed) by market price when it hits requested stop price
Interface and UX
Trading Platform
Customizable User Interface
Charts
Simplified Interface
Suitable for Traders
Liquidity
Order book
Matching engine
Organic liquidity
Functionality
FIX protocol
Markup settings
Custom Rates
Instrument Configuration
API methods
Execution methods
Exchange
STP 100%
A-book/C-book (Post execution)
A-book/C-book (Pre execution)
Warehouse
Manual execution
39:53
Три варианта создания спот ликвидности на крипто биржах | Артур Азизов
В Новом видео CEO группы компаний B2Broker рассказал о том, каким образом создается ликвидность на бирже, описал наиболее частые кейсы при работе с маркетмейкерами, плюсы, минусы и повторяющиеся ошибки. B2Broker уже более пяти лет является
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MetaTrader 4 – MetaTrader 5
MetaTrader 4 – MetaTrader 5
MetaTrader 5
MetaTrader 4
MetaTrader 5
MetaTrader 4
features
Partial Order Filling Policies?
Policies to fill trading orders partially according to order time in force type.
Order Fill Policy?
Order time in force (TIF) instructions to specify how long an order will remain active before it is executed or expires.
FOK
IOC
Return
IOC
Return
FOK
Pending Order Types?
Order types to execute once specified conditions triggered.
Buy Limit
Sell Limit
Buy Stop
Sell Stop
Buy Stop Limit
Sell Stop Limit
Sell Limit
Buy Stop
Sell Stop
Buy Stop Limit
Sell Stop Limit
Buy Limit
Sell Limit
Buy Stop
Sell Stop
Sell Limit
Buy Stop
Sell Stop
Depth of Market?
Measure of the supply and demand for tradable assets
Exchange data?
Volume, price, direction, date, and time data for each trade that is executed on the exchange
Time & Sales ?
Volume, price, direction, date, and time data for each trade that is executed on the platform
Internal Email System?
Internal email service to notify clients directly into the platform.
Account Types?
Account types available on the platform, with different position management systems
Netting
Hedging
Hedging
Hedging
Execution Modes?
External, Internal and Hybrid methods for client order confirmations.
A-book (through paid gateways), Warehouse
A-book (through paid gateways), Warehouse
Quotes Filtration?
Spikes and non-market price protection
Exchange Trading?
Possibility to send limit orders directly to exchanges
(through paid gateways)
Tiered Markups?
Synthetic market depth with tiered markups on different levels of trading volume
Tiered Margin Requirements?
Dynamic leverage settings allows to set different margin requirements on different levels of trading volume
Not available From the box
Not available From the box
Trader Selected Leverage per order?
Dynamic leverage settings allows to set different margin requirements on different levels of trading volume
Markup is Applying to Charts and Time & Sales Data, Individually?
Price markups affect to charts and Time and Sales data according to individual client markup settings
Integrations
Integrations with Makers?
Connectivity methods to liquidity providers
Gateway API
Server API
ManAPI
Server API
ManAPI
Gateway API
Server API
ManAPI
Server API
ManAPI
Taker integrations?
Connectivity methods for liquidity takers
MT 5 Gateway for MT server to MT server connection
MT 4 Gateway for MT server to MT server connection
Supported Markets?
Types of trading instruments supported by platform
Forex CFD Metals CFD Indices CFD Commodities CFD Stocks & ETFs CFD Bonds CFD Cryptocurrencies Stocks
Forex CFD Metals CFD Indices CFD Commodities CFD Stocks & ETFs CFD Cryptocurrencies
Platform Limits
Trading Symbols?
Maximum number of trading instruments available on the platform
Unlimited
1024 max
Security Groups?
Maximum number of groups for trading instruments available on the platform
Unlimited
32 max
Trading Groups?
Maximum number of active trading accounts (live accounts allowed to trade) available on the platform.
Up to 200000, depends on the license type
Up to 100000, depends on the server load
Settings & Configurations available for White Label
Markup Settings, Configuration level?
Order routing settings, allow to set execution methods on different levels of clients and instruments
Min/Max Order size, Order size increment, Configuration level?
Order size settings, allow to change Min/Max order size and order size increment on different levels of clients and instruments
Trading Mode Configuration level (Open/Close only/Closed)?
Trading mode setttings, allow to enable or disable trades on different levels of clients and instruments
Available trading instruments, Configuration level?
Available trading instruments settings, allow to show or hide trading symbols on different levels of clients and instruments
Margin requirements, Configuration level?
Margin requirement settings, allow to define leverages on different levels of clients and instruments
All clients, Group of clients
Tiered Margin, Configuration Level?
Tiered margin requirement settings, allow to define leverage by tiers on different levels of clients and instruments
Client selected margin requirements, Configuration level?
Client selected margin requirement settings, allow to define a range of available leverages on different levels of clients and instruments
Margin Call/Stop Out, Configuration Level?
Margin call/Stop out settings, allow to define margin call and stop out levels on different levels of clients and instruments
Order Routing, Configuration Level?
Order routing settings, allow to set execution methods on different levels of clients and instruments
Commissions, Configuration settings?
Commission settings, allow to define commissions on different levels of clients and instruments
Group of clients
Swap and Interest rate markups, Configuration level?
Swap and Interest rate markup settings, allow to set markups on swaps and/or interest rates on different levels of clients and instruments
Group of clients
Settings & Configurations available for license owners
Markup settings, Configuration level?
Price markup settings allow to add markups on different levels of clients and instruments
Min/Max order size, order size increment, Configuration level?
Order size settings, allow to change Min/Max order size and order size increment on different levels of clients and instruments
Group of clients
Available for MT owners
Available for MT owners
Group of clients
Available for MT owners
Available for MT owners
Trading Mode Configuration level (Open/Close only/Closed)?
Trading mode setttings, allow to enable or disable trades on different levels of clients and instruments
All clients
Available for MT owners
Available for MT owners
All clients
Available for MT owners
Available for MT owners
Available trading instruments, Configuration level?
Available trading instruments settings, allow to show or hide trading symbols on different levels of clients and instruments
Group of clients
Available for MT owners
Available for MT owners
Group of clients
Available for MT owners
Available for MT owners
Margin requirements, Configuration level?
Client selected margin requirement settings, allow to define a range of available leverages on different levels of clients and instruments
All clients
Available for MT owners
Available for MT owners
All clients
Available for MT owners
Available for MT owners
Tiered margin, Configuration level?
Tiered margin requirement settings, allow to define leverage by tiers on different levels of clients and instruments
Not available from the box
Not available from the box
Client selected margin requirements, Configuration level?
Client selected margin requirement settings, allow to define a range of available leverages on different levels of clients and instruments
Margin call/Stop out, Configuration level?
Margin call/Stop out settings, allow to define margin call and stop out levels on different levels of clients and instruments
Group of clients
Available for MT owners
Available for MT owners
Group of clients
Available for MT owners
Available for MT owners
Order routing, Configuration level?
Order routing settings, allow to set execution methods on different levels of clients and instruments
All clients,
Group of clients,
Specific client.
Available for
MT owners
Group of clients,
Specific client.
Available for
MT owners
Not available
from the box
from the box
Commissions, Configuration settings?
Commission settings, allow to define commissions on different levels of clients and instruments
Group of clients.
Available for MT owners
Available for MT owners
Group of clients.
Available for MT owners
Available for MT owners
Swap and Interest rate markups, Configuration level?
Swap and Interest rate markup settings, allow to set markups on swaps and/or interest rates on different levels of clients and instruments
Group of clients.
Available for MT owners
Available for MT owners
Group of clients.
Available for MT owners
Available for MT owners
Settings & Configurations available for license owners
Detailed Exposure monitor With Broker positions?
Exposure table, contains net open client and broker positions with comparison and PnL details
Client NOP Only
Client NOP Only
Broker positions and orders monitor?
List of orders and positions routed to external liquidity source or margin account
Access to WL logs for White Label managers?
Logged details of all client and broker trades and actions
05:58
B2Broker: An Overview of the Company’s Set Up and Support Service for MetaTrader Systems
In this informative video, Conrad Simon, Dealing Desk Specialist at B2Broker, explains to viewers how the company’s Set Up and Support Service for MetaTrader 4 & 5 systems works.
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OneZero - PrimeXm - Marksman Hub
OneZero - PrimeXm - Marksman Hub
OneZero
PrimeXm
Marksman Hub
OneZero
PrimeXm
Marksman Hub
MAIN FOCUS
Liquidity Hub and Aggregation Liquidity & Executive Routing Specificaly for FX CFD industry
Crypto Spot Liquidity HUB with Perpetual Futures Liquidity and Execution support. Level 2 Quote Feeds and Order Routing for Crypto Exchanges, Broker Platforms and other Trading Venues.
Liquidity
Access to Multiple Liquidity Sources?
Liquidity may be sourced from different types of trading venues, such as exchanges and prime brokers, from dark pools, and other institutions.
Dedicated Liquidity?
Liquidity gained from liquidity providers (or market makers), specific to the receipient, or a combination of liquidity provider stream, designed by a recipient to fullfill specific needs of a trading venue.
Coming Soon
Aggregated Liquidity ?
Aggregated asset prices or aggregated full market depth order book across a number of liquidity providers
Coming Soon
Clients
Forex CFD Brokers Crypto CFD Brokers
Forex CFD Brokers Crypto CFD Brokers
Crypto Spot Exchanges, Crypto Spot Brokers, Perpetual Futures Exchanges/Brokerages.
Liquidity Distribution ?
Being able to receive liquidity feeds from several sources, and/or stream liquidity to several destination
Multiple Streams ?
Ability to subscribe to multiple liquidity feeds simultanously or sequentially, for instance to fullfill the needs of high availablility and failover in a case of issues with some of the liquidity providers
Custom Liquidity Feeds?
Capacity to create and use market liquidity, tailored to some specific market needs
Deep Individual Symbol Customization?
Ability to tailor settings of each tradabale symbol including ability to change the name of a given symbol for customers
Price Construction
Market Depth?
Market's capability to absorb large order executions without significantly affecting the price of an asset.
Markup Profiles?
Markups may be assign to optimize trade instrument offerings and manage risks at various market conditions
Symbol Mapping?
Liquidity received for one symbol may be mapped to another symbol to ensure consistency of trading instrument naming accross the venue
Synthetics
Tradable Synthetic Symbols?
For example:ADA/XRP - as a synthetic cross of ADA/USDT and XRP/USDT
Limited
Limited
Fractional Instruments?
For example: µBTC/USD
Quote control
Spike filters?
Preventing volatility spkes in sent and received quotes in the case of uncertainty regarding the data quality
Coming Soon
Automatic failover to a backup liquidity source?
If a liquidity providers goes offline as a result of a scheduled or unscheduled maintenance, a backup liquidity provider may be connected
Spot Crypto and Derivatives Support
Spot Crypto ?
Support of spot crypto assets
Crypto Spot Trading Venues
Binance
Coinbase
Binance US
Bitstamp
Poloniex
Gemini
B2BX
Perpetual Futures?
Support of perpetual futures, such as hedging spot instruments with perpetual futures
Crypto Derivatives Trading Venues
Binance Futures
Huobi Futures
Trade Execution and Hedging
Price risk hedging at multiple LPs?
Ability to execute hedging trades at a number of hedging platforms
End-user orders execution at multiple LPs?
End users order enabled for execution on multiple external trading venues
Multi-venue routing (SOR)?
Smart order routing enables execution and hedging of the end usr orders on several liquidity providers
Coming Soon
Execution Control
Post-Trade (Post-Exec)?
Post trade execution control means, that end-user orders are first executed on the exchange platform, then placed on a hedging platform for execution
Pre-Trade (Pre-Exec)?
Pre trade execution control means, that end-user orders are confirmed in terms of available price and volume at a liquidity provider, and then executed at a trading venue (nypically, a broker platform)
Risk Management
Automatic Trade Hedging?
Each end user trade is hedged auomatically
Systematic Exposure Hedging?
Unhedged exposure to assets is hedged according to some triger, for instance when a certain value of exposure is reached or when a certain time interval is passed
Comming Soon
Connectivity
Maker Connectivity
FIX Protocol?
Financial Information Exchange procotol and API based on such protocol
Websocket API
REST API
Taker connectivity
FIX Protocol
gRPC?
Remote Procedure Call developed by Google
Websocket API
REST API
Hub Administration
Web UI
REST API?
Taker Connectivity
FIX API
Reporting and Analytics
Comprehensive reports
Real-Time Hedging and Execution Data
Order History
Regulatory reporting
Widget Based System?
Flexible front end system which allows to monitor equity, positions and other relevant data in a single place
Coming Soon
Execution quality data?
Such as fill ratio, slippage, route time
Liquidity stream status monitoring
Access to Ecosystem
Ecosystem Name
OneZero Ecosystem
XCore Community
MarksMan Ecosystem
Participation Types Available
Liquidity Distributors (Makers)
Liquidity Consumers (Takers)
Mixed
No Charge for Traded Volume
Liquidity from Ecosystem Partners
Hedging and Execution with Ecosystem Partners
24:27
Forex Expo Dubai 2021: CEO Arthur Azizov Keynote Speech
In this video, B2Broker CEO Arthur Azizov presents his Forex Expo Dubai 2021 keynote speech. Entitled, “Major Changes in Payments for the FX Industry”, Arthur talks about cryptocurrencies and everything you need to consider to start accepting them in business. Focusing on their phenomenal growth and mass adoption over the last few years, Arthur references the current crypto market capitalisations, highlighting stablecoin growth and their regulation, before moving onto to discuss crypto vs card processing. Arthur concludes with an intro to B2BinPay, the company’s award-winning crypto-processing solution. If you’re looking at accepting crypto in your business, get the knowledge here. Watch it now!
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Types of crypto liquidity
Types of crypto liquidity
Crypto Spot
Crypto CFD
Perpetual Crypto Futures
Spot Margin
Futures
Crypto Spot
Crypto CFD
Perpetual Crypto Futures
Spot Margin
Futures
Commissions
High
Medium
Low
High
Low
Extra rollover charges for carrying position over time
Swap rates every day. Almost always negative for a trader
Funding rate multiple times a day. Not rarely it is positive for a trader.
Continuous interest rate
Ability to profit from recuring payments
Rarely but yes (from positive swaps)
Yes (with funding)
Average Volume Traded
Low
High
High
Low
High
Leverage
Short positons
Ability to choose different leverage
Depends on platform
Wide range
Limited but yes
Wide range
Potential to lose more than 100% investement
24/7 trading
Order book available
Limited
Can be traded along other asset types on one account
Exchange of actual asset
At Expiration
Available on exchange
Available with LPs
Coming Soon
Overall complexity of use
Very Simple
Leverage and swap rate management but overall easiest out of all derivatives
Funding rate and leverage management
Very simple but sound leverage management is required
Leverage and expiration management
Liquidity customization opportunities
No
Can include any liquidity including aggregated pool. Allows backups
No
No
No
19:40
FMLS 2021: B2Broker CEO Arthur Azizov Keynote Speech
B2Broker CEO Arthur Azizov’s recent keynote speech at FMLS21 spans across a wide range of topics starting with an overview of the expanding range of instruments now available for trading such as CFDs and perpetual futures. Arthur follows on with a discussion on Stablecoins and new blockchains that he is deeply knowledgeable about. He goes on to explore different models of aggregation and distribution of spot liquidity and concludes by sharing his insights about new technologies for Crypto payments and possibilities for using DeFI platforms.
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Merchant - Enterprise Solution
Merchant - Enterprise Solution
Minimum Deposits & Withdrawals
Check out our minimum deposits recommendations per currency
Explore page
45:24
Still Processing: The Future of Payments for Brokers and Beyond
This video sees CEO Arthur Azizov take his seat on the Still Processing: The Future of Payments for Brokers and Beyond panel on behalf of B2BinPay, the company’s crypto processing solution. In this session, Arthur joins in a discussion on how with soaring number of new investors entering the market and trading volumes shooting up, a robust and secure payments system is more crucial than ever.
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Organic Liquidity - Market Makers - Marksman Liquidity Hub - Ad-Hoc Connection
Organic Liquidity - Market Makers - Marksman Liquidity Hub - Ad-Hoc Connection
Organic Liquidity?
Order book built by a sufficient number of end-users (traders), placing an acceptable amount of limit type orders on the buy and sell-side which create reasonably tight price spreads and a necessary market depth both in terms of a number of price levels and in terms of an overall volume.
Market Makers Services?
Market making is about providing liquidity for trading instruments by submitting buy and sell limit orders on a target trading venue. Typically, the Market Maker business model consists of charging monthly and volume fees for their services, as well as collecting the bid/ask spreads over multiple trades.
MarksMan Liquidity Hub?
MarksMan Liquidity Hub is a PaaS that enables retail and institutional brokers as well as cryptocurrency exchanges to provide their clients with the best possible trading experience. The platform supplies services for accessing spot liquidity of digital assets and other trading instruments. MarksMan offers top-of-the-book and full market depth pricing and includes simple yet powerful price construction and risk hedging features.
Ad-hoc Connection ?
Ad-Hoc Connection to a single LP. Some of the major crypto trading venues make available public APIs that enable access to Level 2 quotes as well as private trading APIs that may be used for hedging automation. Such APIs may in principle be employed to create an ad-hoc connection in a form of a script or service and adopt a trading venue as a liquidity provider to source the asset prices and hedge trades.
Organic Liquidity?
Order book built by a sufficient number of end-users (traders), placing an acceptable amount of limit type orders on the buy and sell-side which create reasonably tight price spreads and a necessary market depth both in terms of a number of price levels and in terms of an overall volume.
Market Makers Services?
Market making is about providing liquidity for trading instruments by submitting buy and sell limit orders on a target trading venue. Typically, the Market Maker business model consists of charging monthly and volume fees for their services, as well as collecting the bid/ask spreads over multiple trades.
MarksMan Liquidity Hub?
MarksMan Liquidity Hub is a PaaS that enables retail and institutional brokers as well as cryptocurrency exchanges to provide their clients with the best possible trading experience. The platform supplies services for accessing spot liquidity of digital assets and other trading instruments. MarksMan offers top-of-the-book and full market depth pricing and includes simple yet powerful price construction and risk hedging features.
Ad-hoc Connection ?
Ad-Hoc Connection to a single LP. Some of the major crypto trading venues make available public APIs that enable access to Level 2 quotes as well as private trading APIs that may be used for hedging automation. Such APIs may in principle be employed to create an ad-hoc connection in a form of a script or service and adopt a trading venue as a liquidity provider to source the asset prices and hedge trades.
Liquidity
Liquidity available from the start of operations
Trading can start even with a single user on the venue
High Availability / Failover
n/a
On-the-venue Liquidity
Post-exec
Post-exec
Post-exec
Sufficient Volume of Supplied Liquidity
Depends on a venue
Extensive Selection of Trading Instruments
Synthetic Symbols
Price Constructor
Trades Execution and Hedging
Price Risk Hedging
n/a
Post Execution (a.k.a. Risk Warehouse Execution Model) Available
n/a
Depends on market makers
Pre-trade Execution Control Available
n/a
Coming Soon
Depends on developmet
Venue Type Applicability
Brokerage Platforms (MetaTrader 5, B2Margin, and Similar)
n/a
Exchange Platforms (matchig engine based, such as B2Trader)
Technical Considerations
No integration required via APIs and/or FIX protocol
Fees
Hedging Trade Volume is Free of Charge
n/a
Liquidity Provision is Free of Charge
Depends on market makers
Minimum monthly fee is required
n/a
Typically tens of thousands of USD
Starting at USD 500
1 Prime Broker-type relationship is required
2 If the venue is based on a supported platform
3 If hedging on a MarksMan Ecosystem Partner
4 Unless stimulating Maker Orders with negative Maker fees
12:29
Liquidity Pools: an Alternative Way to Stimulate Trading
In this video, we talk about liquidity pools in the context of how they allow you to increase the frequency of trading in markets with low liquidity. Our expert will explain the difference between the beech order and liquidity pools, and the unique experience of Arab company, Al Khaleej Sugar, who applied the liquidity pool mechanism for trading purposes in the sugar market!
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SaaS - Self-Hosting
SaaS - Self-Hosting
SaaS
Self-Hosting
Comments
SaaS
Self-Hosting
Comments
Stability of deployment
High
Low
In order to ensure in-system stability after updating it, you will need a staging environment where all updates can be comprehensively tested before being released in production.
Speed of updates
High
Low
In SaaS, the vast majority of processes are automated. Providers’ engineering teams benefit from being able to unify updates for all clients at once, hence any problems resolved for one client is resolved for all. In the event of any trouble, fixing it usually takes longer for an independent team and self-hosting solution.
Costs for Hosting/On-premise
Low as the provider itself benefits from economies of scale for hosting the underlying infrastructure.
High because TCO usually includes 100% upfront and infrastructure maintenance costs.
SaaS model is usually built on a pay-as-you-go basis minimizing the final price that is actually being used by the client.
Costs for administration
Low, included in the standard price.
High, extra to the standard price. Unexpected expenses are possible in case of hardware breakdown.
The price of a SaaS solution includes development and support costs. Client is free from worries about additional costs. The self-hosting option implies the hiring of a development team to support the whole infrastructure and other additional expenses.
Speed of reaction to problems
High
Moderate or slow
A SaaS provider has a dedicated support team to react as fast as possible.
Product/Performance control
SaaS provider
Client
In case of a self-hosting solution, more controls may be available but keep in mind that additional responsibilities come with controls too.
Infrastructure security
Provider
Client
SaaS offers higher levels of infrastructure security compared to self-hosting as SaaS providers themselves often build an infrastructure using managed HA PaaS services.
Infrastructure costs
Low
High
Costs to set up and maintain the infrastructure.
Setup Speed
Fast
Slow
Time to Market is the lowest for SaaS as the client doesn’t have to think about the underlying infrastructure.
Support Efficiency
High
Low
It is difficult to understand the root of the problem if there is no "access".
Customizations
Depends on priority and importance, otherwise high
Moderate
Due to the established CI/CD process the SaaS provider can implement customizations quicker but it depends on the priority and importance of the sought-after customization.
Usage complexity
Fair
Depends
Usage complexity is more balanced with SaaS as the provider is in charge of underlying infrastructure.
04:36
Why does it take as long as 3-4 months to install a WL solution?
A series of questions in Q&A format received from current and potential clients posed by the B2Broker team to CEO Arthur Azizov with expert advice from the top for those looking to start a brokerage business.
Back to comparison
White Label - Source Code - Custom Development
White Label - Source Code - Custom Development
White Label
Source Code
Custom Development
Outsourcing
White Label
Source Code
Custom Development
Outsourcing
Starting Cost
Low
For just the cost of creating a technical assignment, you can deploy a full-fledged WL solution and start working straight away. Highest
Code buybacks and custom development are long and expensive processes. Time is needed to check through code and costs are usually higher High
Custom development can be very expensive as the costs and man-hours involved in employing experienced talent are high. Moderate
Outsourcing does not require significant funding as there are a lot of vendors that offer great deals in terms of developing the product for you. Ongoing Cost (Maintenance)
Low
Effective WL maintenance requires the input of 2-3 developers per month. High
You need to maintain an IT team and depending on which region you are located, it can be quite costly. The bigger the project, the larger the team and the higher the expenses. High
Choosing a custom option is even more expensive in the long run as it involves the cost of retaining the development team after the main development is completed. Moderate
There is a high risk of miscommunication and shifts in deadlines. Evolution Speed
High
WL solution evolves faster compared with other methods as a larger development team means a lot more customers where thousands of requests can be dealt with efficiently. A single backlog aggregates many new ideas where innovative features get prioritized and implemented continuously. Slow
After the initial development it may be difficult for the system to evolve. Failures in the planning stage or inner architecture may arise that will slow down the implementation of any new features significantly. Moderate
Similar to the ‘Source code’ option but not as fast as using a WL solution as you don't profit from economies of scale. Medium
Building from scratch is long, is always hard as apart from programming you need to get everyone to understand why they are doing it, you will need to be involved in everything to keep a steady pace. Time to Market
Fast
Slow
Slow
Average
Customization freedom
Moderate
As long as B2Broker retains full knowledge about WL internals, we can implement almost any customization to existing solutions in the shortest possible time. Highest
Capabilities will only be limited with your development budget as you own the codebase. High
Allows for customisation as per individual requirements. However, advantages are negated by the cost of running your own development team. High
Similar to the ‘In house’ option but may be more challenging due to possible miscommunication between the business and development team. Customization and additional development cost
Low
Provides an optimal price/time combination as the B2Broker development team possesses full knowledge of the system. Moderate
Customizations may be limited due to lack of understanding on how the code works. High
Development may cost less as full-time developers work on a salary rather than on an hourly basis, whereas it is required for custom development and usually incurs additional payments just for improvements. High
Similar to the ‘In house’ option but may be more challenging due to possible miscommunication between the business and development team. Customization and additional development speed
Average
Development may take a little longer due to the number of WL clients and the need for a more urgent updates schedule. Varies
Depends on your development team size and the level of the expertise. Fast
The pace of development can be the highest possible due to a personalized delivery flow. Fast
Similar to the ‘In house’ option but may be more challenging due to possible miscommunication between the business and development team. Customization options (Flexibility of technology)
Moderate
More options available by default as the development team caters for the needs of all clients. Feature switching and customisation speed with ready made features are very high. Varies
Customizations can be extremely challenging, especially if the source code doesn’t have integration and performance tests. Varies
Often certain custom settings and features become tangible only closer to the completion of the project which dictates a development team may be required for the whole duration of the project. Varies
Similar to the ‘In house’ option but may be more challenging due to possible miscommunication between the business and development team. Branding options
High
B2Broker WL solutions support branding/rebranding by design which can be customised as per requirements. Limited
Can be challenging as purchased source code is unlikely to be designed to support branding. Limited
It is possible to customise your branding but additional costs can be excessive, especially if you decide to rebrand. Limited
Similar to the ‘In house’ option but may be more challenging due to possible miscommunication between the business and development team. Integration options
High
All existing integrations are available to all WL clients (subject to T&Cs). New integrations are added regularly and become available to existing and new WL clients (subject to T&Cs). Varies
Depends on the availability of resources as specific technical skills are required. Cost can be high. Varies
Fewer integrations are possible due to high costs. Each integration has to be developed individually and in many cases from scratch. Varies
Similar to the ‘In house’ option but may be more challenging due to possible miscommunication between the business and development team. Security options
High
For just the cost of creating a technical assignment, you can deploy a full-fledged WL solution and start working straight away. Varies
For just the cost of creating a technical assignment, you can deploy a full-fledged WL solution and start a business straight away. Varies
For just the cost of creating a technical assignment, you can deploy a full-fledged WL solution and start working straight away. Varies
For just the cost of creating a technical assignment, you can deploy a full-fledged WL solution and start a business straight away. Easiness of operations and management
High
Ready-made functionality. UX optimization for both end customers and admins and staff. For the WL provider, the client is the project and all nuances are taken into account both on the front end and on the back end. Varies
Depends on the capacity of your development team and the quality of the system design you inherited from the previous source code owners. For this reason, the risk of bugs in production can be very high. Varies
The lack of experience in gathering technical requirements may lead to incomplete or even incorrect designs which can greatly increase the total cost if problems are found only after the product launch. Varies
You will need to decide whether or not to keep the development team after the product is implemented. You’ll also need to consider that the annual maintenance fees can reach up to 15-30% of the software cost if you require ongoing maintenance. Intellectual Property Rights
No
Full ownership
Full ownership
Full ownership
06:32
Do I need to have my own team for a brokerage company?
A series of questions in Q&A format received from current and potential clients posed by the B2Broker team to CEO Arthur Azizov with expert advice from the top for those looking to start a brokerage business.
Back to comparison
Advanced UI (B2Core - Standalone - Public)
Advanced UI (B2Core - Standalone - Public)
in B2Core?
True turnkey solution with a deep integration of B2Core, including its own functionality of Payment integrations, instant transfers and customizable Adv Ui.
Standalone?
Perfect solution for clients with their own clients cabinet, we provide simple-to-integrate Adv UI along with the matching engine.
Public?
Additional component for all enterprise exchanges is to show what they got in terms of trading without a need for the enduser to be logined or registered.
in B2Core?
True turnkey solution with a deep integration of B2Core, including its own functionality of Payment integrations, instant transfers and customizable Adv Ui.
Standalone?
Perfect solution for clients with their own clients cabinet, we provide simple-to-integrate Adv UI along with the matching engine.
Public?
Additional component for all enterprise exchanges is to show what they got in terms of trading without a need for the enduser to be logined or registered.
Differences
Trading Ability
Languages
Instant Transfers
Multiple Workspaces
Dynamic UI
B2Core Integrations
Light/Dark Theme
Matching API
Announcements
Widgets
Trading View
Trade History
Order Book
Watchlist
Favorite Markets
Open Orders
Filled Orders
Inactive Orders
Market Depth
Market Limit
Balances
09:28
B2Core: Manage your Business and Promote your Solutions Under One Roof
In this video, B2Core Product Manager, Ivan Navodnyy, talks about one of B2Broker’s flagship products, B2Core. Ivan explores how this industry-leading CRM/traders room solution embraces a huge range of capabilities to offer a unique, customisable service for clients that can be easily
