Multi-regulated FX and CFDs broker, Accuindex has gone live with PrimeXM’s proprietary order routing service, the XCore.
XCore offers a low latency order routing and pricing engine, giving Accuindex the opportunity to connect to a wide range of liquidity providers. Additionally, XCore is installed in PrimeXM’s infrastructure in Equinix data centers, allowing for the efficient management of the entire brokerage business in a centralized environment.
“We are delighted about our new partnership with PrimeXM. This collaboration will allow us to promote our institutional connectivity to our wide-ranging and quickly expanding client base as part of our ongoing global expansion. This cutting-edge technology provides us with the global scale infrastructure expertise we need to achieve ultra-low latency and superior security levels for our clients trading environment,” said Accuindex CEO, Hasan Al Aqqad.
Founded in 2010, PrimeXM’s key business focus is providing aggregation software, low-latency connectivity, hosting solutions and high-end MT4/MT5 bridging and white labels. Additionally, the Swiss-based technology company offers a MetaTrader 5 Gateway low-latency connectivity to over 120 providers of forex and CFD liquidity.
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PrimeXM and Accuindex Revamp Respective Personnel
In addition to their primary product XCore, PrimeXM offers hosting services in the most popular data centers used by the FX industry, such as Equinix LD4, NY4 and TY3, which enables clients to house their trading systems and algos in co-location to their execution engine and liquidity providers.
Galin Georgiev, COO at PrimeXM commented on the partnership: “We are excited to partner with Accuindex’s experienced team and support them in their global expansion to roll out their multi-asset trading offering. We welcome them as a valued partner into our growing XCore trading community, where traders and investors can benefit from ultra-low latency execution with a plethora of high-quality Liquidity Providers and institutional-grade stable infrastructure.”
PrimeXM recently appointed a new Chief Technology Officer (CTO) to drive its evolving product portfolio and software development roadmap, having promoted its current executive, Constantinos Orphanides to take on the new role.
Furthermore, Accuindex has undergone a series of new hires, having secured a new head for its Middle East operations with the appointment of Adel Jibrin to the lead role.