PrimeXM, one of the leading technology providers in the FX industry, has kicked off a strategic partnership with Tickstarter. The new accord will help promote institutional connectivity for prime brokerages and hedge funds as part of an ongoing expansion.
PrimeXM has undergone a series of initiatives in 2017 designed to grow its business and market penetration. Earlier this month, the group opened a London office, part of its bid to expand its solutions suite reach out to clients in different institutional segments.
In this latest deal, PrimeXM will look to explore mutually beneficial connectivity solutions for the institutional space. As a trading systems integrator, Tickstarter caters not only to retail venues, but prime of prime brokerages and hedge funds too.
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Cristian Vlasceanu, PrimeXM CEO, commented: “We are happy to be partnering up with Tickstarter as we are confident that this new partnership will increase awareness for our technology. Tickstarter helps businesses remain up-to-date with the evolving landscape and we are positive that this partnership will be mutually beneficial.”
PrimeXM’s XCore service has been at the forefront of the industry, aggregating liquidity and providing connectivity to both MT4 and MT5. The firm also offers sophisticated hosting solutions through its premium locations in the most popular data centers used by the FX industry, such as Equinix LD4, NY4 and TY3.
The partnership will support Tickstarter’s team in growing out a new value proposition for new and existing clients – PrimeXM’s XCore service is seen as a major asset for the group.
“We are very proud of this collaboration as we have identified PrimeXM’s ubiquitous flagship product, the XCore, as the market leader for robust and scalable ultra-low latency multi-asset OTC and DMA connectivity, spearheading growth for all types of financial institutions permissible within the XCore ecosystem, from start-up retail brokerages to established prime of prime brokerages and hedge funds,” added Tickstarter CEO Stephen Murphy.