Sydney-based Prime of Prime broker ‘Global Prime Pty Ltd’ has joined LiquidityFinder.com, the FCA-regulated search tool that offers information and matching service for businesses looking for liquidity.
Through LiquidityFinder market participants will be able to compare the services of the ASIC-licensed PoP broker with those offered by other liquidity providers in the forex, CFDs, and cryptocurrency markets, among other over-the-counter (OTC) sectors.
Global Prime is now part of the growing list of LPs that are searchable and contactable on Liquidity Finder, which allows professional investors or trading businesses to make side-by-side comparisons when selecting their liquidity partners. The service currently lists LMAX – Digital, LMAX – Exchange, CMC Markets, Quantic Prime, FXCM Pro, FXCM Omnibus and IS Prime through the website, with further companies to be added soon.
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Removing the guesswork
Ultimately, this regulated service helps traders who are looking for liquidity to better understand what services are provided by which companies, which removes the guesswork when looking for liquidity partners.
LiquidityFinder initially went live two weeks ago but was put on hold temporarily after a potential bug was identified.
Commenting on the news, LiquidityFinder founder Sam Low said “Global Prime is another welcome addition to the LiquidityFinder platform. Global Prime, like other companies on the site, have their own distinct set of services, including for example: direct access to a range of ECNs, a range of LATAM and Asian NDF liquidity, deliverable FX and adherence to the FX Global Code.”
Elan Bension, Head of FX at Global Prime, added: “We are excited to be featured alongside other leading FX brokers, not only does this level the playing field but it also creates an environment that encourages institutional traders to explore all available opportunities. Sourcing the most competitive liquidity to suit your trading style can often become a tiring process, but thanks to Liquidity Finder, the operation is now a fast and seamless process.”