Multi-asset brokerage platform Libertex has partnered with FXCubic to receive liquidity aggregation and price management services.
Announced on Wednesday, this partnership came at a time when global markets remain volatile due to the impact of the COVID-19 outbreak, resulting in a stalled economy.
Commenting on the partnership, Wassim Khateeb, head of business development at FXCubic, said: “We are incredibly pleased to be adding Libertex to our continuously expanding family of partners. Each partner brings new challenges but also gives us the opportunity to learn and better ourselves, helping us move forward towards our goal of becoming an internationally recognized leader within the fintech industry!”
Growing demand in the market for liquidity services
Based in London and Cyprus, FXCubic offers low-latency software, high-performance liquidity management systems, connectivity tools, and automation technologies.
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The client base of the fintech firm includes both institutional and retail brokers.
Last week, FXCubic also entered into a similar partnership with Cyprus-based retail brokerage SquaredFinancial, Finance Magnates reported.
Libertex, on the other hand, is a web and mobile-based trading platform built on MetaTrader 4. It has over 2.2 million clients spanning across 120 countries and offers over 240 financial instruments.
“Siding with FXCubic is an additional step towards achieving our strategic goal of offering the best and most reliable services for our clients. Their professionalism and valuable expertise will help us to increase our profitability and efficiency while also improving the overall trading experience of our clients. FXCubic is a reliable partner that will support us in achieving our goals in this next stage of our group evolution,” Marios Chailis, chief marketing officer at Libertex, added.