London-headquartered forex brokerage INFINOX has deployed Gold-i’s Matrix Net as an additional distribution channel, making its multi-asset liquidity available to brokers worldwide who use Gold-i’s Matrix, MT4 Bridge, and MT5 Gateway products.
The partnership will leverage Gold-i’s global distribution footprint and INFINOX’s price aggregation and matching capabilities to expand the company’s institutional client base while continuing to service the retail brokerage, mid-sized institutions, and active professional traders.
Tom Higgins, CEO of Gold-IGold-i’s Matrix Net is part of its Matrix suite of products for multi-asset liquidity management. Matrix is described as the most significant Gold-i product since the inception of the company. The full multi-asset capabilities make this product unique in the retail sector and offer brokers an easy way to extend their offering to multiple markets and asset classes.
In addition to spot FX, Matrix Net’s portfolio also covers several segments including CFDs and cryptocurrencies. The product not only allows brokers to aggregate incoming liquidity feeds, but it also enables them to offer their own liquidity out to clients.
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Matrix Net is in high demand
Earlier last month, Gold-i has strengthened its partnership with FXCM Pro, offering its clients access to its FX, CFD, and cryptocurrency liquidity through Gold-i Matrix Net.
INFINOX has been seeing steady growth over the past few years. The company saw revenues increase by an impressive 140 percent during the FY ending March 31, 2018, after it posted £41.6 million, up from £17.5 million in fiscal 2017.
Commenting on the news, Tom Higgins, CEO of Gold-i, said: “We continue to add value to our clients by offering the very best liquidity in the market at the best prices. We are therefore delighted that INFINOX has chosen to distribute liquidity through Matrix Net.”
Jay Mawji, Managing Director at INFINOX, added: “INFINOX is excited to be integrated with Gold-i and to be able to offer pricing through Gold-i’s Matrix Net. This is an important relationship that will allow clients to tap into our liquidity offering through market leading technology. INFINOX’s growth has been built on key relationships and Matrix Net gives us the tools to develop and build further relationships.”