A trading and aggregating engine called XCore by PrimeXM offers solutions for risk management, reporting, and order management with very low latency.
The two businesses first collaborated in 2020.
Moreover, FXCUBIC’s liquidity was recently used by Advanced Markets.
On Wednesday, Advanced Markets Group said that the inclusion of PrimeXM’s XCore to its liquidity distribution route will increase its liquidity. It is an expansion of the alliance between the two businesses that was started in 2020.
The recent inclusion of FXCUBIC’s products on the platform provides insight into Advance Markets’ emphasis on improving liquidity.
Liquidity is improved by Advanced Markets using PrimeXM’s XCore
“Since its founding in 2006, Advanced Markets Group has been at the forefront of liquidity innovation. This strategic step, which will further improve our liquidity offering, demonstrates our dedication to continuing to give our customers solid, dependable solutions that satisfy their demands “Anthony Brocco, the CEO of Advanced Markets, remarked.
XCore, a trading and aggregating engine created by PrimeXM, provides solutions for ultra-low latency order management, risk management, and reporting. It now has a network of more than 250 partners and offers simple liquidity distribution and access to trading platforms.
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“The Advanced Markets Group and PrimeXM are extending their cooperation, and we at PrimeXM are thrilled to provide their clients access to our XCore technology. This will improve their institutional customers’ trading experience “Clive Diethelm, CEO of PrimeXM, stated.
Increasing Need for Liquidity
Prime-of-prime liquidity is a service that Advanced Markets is renowned for offering to more than 40,000 institutional and private customers in 30 different countries. Moreover, it provides technology and credit solutions to facilitate direct market access (STP) trading across asset classes.
The United Kingdom, Australia, and Bermuda have granted the organisation regulatory clearance to operate. The UK subsidiary’s sales increased 13% to $1.29 million during the fiscal year 2021, resulting in a profit. The other two subsidiaries, however, omitted their financial information.
Advanced Markets anticipates strengthening its offers to its institutional customers even further with the most recent XCore integration.
We’re excited to use our cooperation with PrimeXM, one of the top suppliers in the market, to provide our customers even more value and happiness, added Brocco.