Divisa Capital

Divisa Capital is a New Zealand based Direct Market Access e-broking house and Currenex partner specialized in providing margin spot FX and precious metal trading services to a diversified client base that ranges from financial institutions through to private individuals. Divisa Capital is headquartered in Auckland, New Zealand with service centers throughout the world. Their strategic location in Auckland coincides with the opening of the first trading session of global financial markets; the seamless 24-hour forex market trades six days in a row until the day ends friday evening in New York.

Divisa Capital’s Currenex hub is built on the CX Application Platform, a scalable, fault-tolerant, distributed system architecture implemented in Java. Developed by a team of talented engineers in Silicon Valley, the CX Application Platform is the fruit of four years of development. It is the same team that has won numerous industry awards and was the innovator of online FX trading during the 1990' s.

All order processing is 100% automatic and is only subject to credit and liquidity constraints. The wide varieties of orders executed are automatically matched and distributed through Divisa Capital’s vast liquidity pools via the algorithmic CX matching engine. The fully distributed system allows DCFX the ability to provide millisecond order matching. Complex order types like Pegged, Stops, and Conditional orders are managed by the Complex Order Handler. This allows the matching engines to only process market and limit orders. As a result, the matching engines are able to handle substantially more simultaneous orders and higher update rates. This approach is scalable to approximately 100,000 simultaneous GTC limit orders under fast market conditions.

All this technology is hosted in highly available data centers spread around the globe. The skilled technicians of Currenex monitor, maintain and load-balance the facilities on a 24 hour basis. As voted in the e-FX awards hosted by FX Week, the Currenex tech support team is one of the best technical development teams in the industry.

As featured in the January 2010 issue of E-Forex magazine, Divisa Capital is among a small group of brokers offering true Direct Market Access (DMA) services for the Foreign Exchange and Precious Metal trading products. This is made possible by the multi-bank capabilities of the Currenex system and Divisa Capital's access to liquidity from leading top tier banks. This article examines the evolution of DMA and its application in the FX markets. There are four clear benefits to DMA in FX – transparency, efficient execution, standardized pricing and anonymous trading. The issue of transparency is resolved as the DMA broker is acting purely in an agency capacity. DMA orders are based on two variables – the price and the time he order is placed so the result is a far more efficient execution.

Divisa supports trading via the Currenex Viking, Classic or FIX 4.2 compliant API. With the release of the MT4 Bridge from Currenex, Divisa has also made possible the ability for brokers using the Metatrader 4 platform to directly integrate into its vast liquidity pools in Straight Through Processing (STP) mode.