GCEX, an FCA-regulated crypto trading technology provider, has just announced that it has joined PrimeXM’s XCore. Headquartered in London, GCEX (GC Exchange Limited) will now be offering its liquidity to XCore clients, which includes digital assets and FX.
According to its website, GCEX was established in 2018 in order to cater to demand for regulated exposure to the digital asset market. The company leverages its UK authorization to provide funds, brokers, asset managers, professional traders, and banks with compliant Fintech products, including AI applications. The offering also enables clients to automate on-boarding, offer and trade digital assets and forex with deep liquidity from top banks, as well as solutions for clearing.
GCEX CEO and Founder, Lars Holst, commented, “We are excited to enter into this partnership with PrimeXM and integrate GCEX’s digital asset and FX liquidity within the XCore trading infrastructure and community. XCore has proved to be an extremely popular venue amongst GCEX’s institutional client base and we are confident that PrimeXM’s market leading technology will complement our extremely competitive pricing to provide GCEX’s clients with a first-class trading experience.”
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PrimeXM undergoes a series of initiatives in 2019
“We are excited to have this integration with GCEX and welcome them as a liquidity provider into our growing XCore trading community. Our Clients will be able to benefit from such partnership and enjoying cost efficient and low-latency connectivity to execute in digital assets and FX, supported by the experienced team behind GCEX,” added PrimeXM COO Galin Georgiev.
Founded in 2010, PrimeXM’s key business focus is providing aggregation software, low-latency connectivity, hosting solutions, and high-end MT4/MT5 bridging and white labels. It offers through a MetaTrader 5 Gateway low-latency connectivity to over 120 providers of forex and CFD liquidity.
In addition to their primary product XCore, PrimeXM offers hosting services in the most popular data centers used by the FX industry, such as Equinix LD4, NY4, and TY3, which enables clients to house their trading systems and algos in co-location to their execution engine and liquidity providers.
PrimeXM has undergone a series of initiatives in 2019 designed to grow its business and market penetration. Earlier last month, the group has signed AM technology provider Tradesocio to complete its API integration with PrimeXM bridge and institutional liquidity offering, part of its bid to expand its solutions suite reach out to clients in different institutional segments.