Online trading firm Scope Markets has teamed up with Gold-i, a trading systems integration specialist for the financial services industry, to offer liquidity to Gold-i’s client base, the companies announced via a joint statement this Wednesday.
Scope Markets is a global FX and CFD broker with a particular focus on emerging markets. Under the agreement, the broker has integrated with Gold-i’s Matrix, a multi-asset liquidity management platform equipped with multiple routing and aggregation methods.
Commenting on the partnership, Daniel Lawrance Chief Commercial Officer at Scope Markets said: “integrating with Gold-i and their suite of products allows us to strengthen our product offering and flexibility in an ever-changing industry landscape, with a technology partner that has a great reputation within our financial sector to constantly evolve.”
Another liquidity provider for Gold-i’s Matrix
Gold-i has partnered with a number of brokers, exchanges, and trading firms to provide liquidity via its Matrix platform. As Finance Magnates reported, towards the end of last year, Global Market Index Limited (GMI) partnered with Gold-i to provide its liquidity via the Matrix platform.
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“We are delighted that our partnership with Scope Markets continues to grow and that we are now able to provide their liquidity through Gold-i technology,” added Tom Higgins, the CEO of Gold-i.
“Their liquidity will be welcomed by our clients worldwide, particularly in Asia and emerging markets where Scope Markets has a reputation for excellence across different regions.”
Brokers who consume liquidity from Gold-i’s Matrix also have access to Matrix Insights. This feature provides firms with information that allows them to analyze order routing and execution statistics across all asset classes.
Scope Markets continue expansion plans
The partnership announced today will allow Scope Markets to continue its growth in emerging markets. Earlier this year, the company announced a strategic partnership deal with Hong Kong-based m-FINANCE, which will allow the company to expand its footprint in Asia.
Similar to its deal with Gold-i, the FX broker provides its liquidity to m-FINANCE clients. The partnership came at a time when diversification for brokers, especially away from the EU, was becoming increasingly important – and still is.