Invast Global Partners with Lucid Markets to Deepen Non-PB Liquidity Access
- The partnership illustrates the rapidly growing stature of non-bank participants in the financial markets.
Sydney-based prime-of-prime provider Invast Global today announced a partnership with Lucid Markets, a non-bank market maker and trader in the institutional FX market, whereby Invast Global clients will now have access to Lucid’s Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term via its multi-asset prime services facility, PurePrime.
The London Summit 2017 is coming, get involved!
The partnership illustrates the rapidly growing stature of non-bank participants in the financial markets, as the banks continue to feel the effects of increasing regulatory constraints.
U.K.-based Lucid Markets has seen a stellar rise in its status in the traditionally bank-dominated field of price-making. Lucid was founded in 2009 by Matthew Wilhelm, the former head of FX algorithmic trading at Goldman Sachs and Dierk Reuter, the former head of FX algorithmic trading at Deutsche Bank, to operate as a specialist high-frequency trading firm, and has built out a market-making business to institutional clients since then.
Access to Non-Bank Liquidity
Traditionally, only the largest funds and institutions have been able to get access to the benefits provided by the non-bank market makers. This is because access has relied on the client having a tier one prime broker relationship.
High-frequency trading firms, such as Lucid, now offer their liquidity stream to a select range of FX clients, such as retail brokers, as an alternative form of liquidity to the banks.
By partnering with Lucid, Invast Global is playing a part in providing access to non-bank liquidity for clients who do not have a tier one prime broker.
The tie-up between Lucid Markets and Invast follows growing global demand for the PurePrime facility. Tailored for institutional clients, brokerages, hedge funds and sophisticated traders, PurePrime offers optimised FX and CFD liquidity via multiple trading GUIs or API, backed by three tier one prime brokers.
PurePrime now offers disclosed bank, non-bank and ECN liquidity from over 20 unique FX and metals Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term.
Commenting on the partnership, Paul Lonsdale, Partner at Lucid Markets, said: "Lucid Markets is honoured to be chosen by Invast Global to help support their already award winning prime services facility.”
In line with the growing trend of non-bank liquidity providers, Invast Global also signed a deal last year with market maker, Citadel Securities, once again to offer clients deeper liquidity via its PurePrime facility, as reported by Finance Magnates.
Sydney-based prime-of-prime provider Invast Global today announced a partnership with Lucid Markets, a non-bank market maker and trader in the institutional FX market, whereby Invast Global clients will now have access to Lucid’s Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term via its multi-asset prime services facility, PurePrime.
The London Summit 2017 is coming, get involved!
The partnership illustrates the rapidly growing stature of non-bank participants in the financial markets, as the banks continue to feel the effects of increasing regulatory constraints.
U.K.-based Lucid Markets has seen a stellar rise in its status in the traditionally bank-dominated field of price-making. Lucid was founded in 2009 by Matthew Wilhelm, the former head of FX algorithmic trading at Goldman Sachs and Dierk Reuter, the former head of FX algorithmic trading at Deutsche Bank, to operate as a specialist high-frequency trading firm, and has built out a market-making business to institutional clients since then.
Access to Non-Bank Liquidity
Traditionally, only the largest funds and institutions have been able to get access to the benefits provided by the non-bank market makers. This is because access has relied on the client having a tier one prime broker relationship.
High-frequency trading firms, such as Lucid, now offer their liquidity stream to a select range of FX clients, such as retail brokers, as an alternative form of liquidity to the banks.
By partnering with Lucid, Invast Global is playing a part in providing access to non-bank liquidity for clients who do not have a tier one prime broker.
The tie-up between Lucid Markets and Invast follows growing global demand for the PurePrime facility. Tailored for institutional clients, brokerages, hedge funds and sophisticated traders, PurePrime offers optimised FX and CFD liquidity via multiple trading GUIs or API, backed by three tier one prime brokers.
PurePrime now offers disclosed bank, non-bank and ECN liquidity from over 20 unique FX and metals Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term.
Commenting on the partnership, Paul Lonsdale, Partner at Lucid Markets, said: "Lucid Markets is honoured to be chosen by Invast Global to help support their already award winning prime services facility.”
In line with the growing trend of non-bank liquidity providers, Invast Global also signed a deal last year with market maker, Citadel Securities, once again to offer clients deeper liquidity via its PurePrime facility, as reported by Finance Magnates.