Lars Holst Launches New Crypto Venture GCEX

The founder of prime broker CFH Clearing announced the launch of a new company this Tuesday. Lars Holst will act as the CEO of GCEX - a company that provides currency and cryptocurrency trading technology to professional clients and institutions.

Based in London and regulated by the Financial Conduct Authority, Holst set up the company in response to financial institutions' growing demands for access to the nascent digital assets market.

Along with trading technology, the firm will provide companies with on-boarding tools, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, and clearing solutions.

“Through our extensive investment, GCEX has developed a proprietary technology stack which provides a hybrid of ultra-low latency, industry leading solutions for institutional and professional clients," said Holst.

“Coupled with our collaborated research into AI applications with leading London universities and strong ties with the academic and technical communities, securely places GCEX at the forefront of cutting-edge development in the Cryptoasset space."

Experienced hands

Holst will be a familiar figure to many in the retail trading industry.

He founded Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term CFH Clearing in 2008 and was company CEO for just under a decade. He left the firm in January of last year, having sold the company to TradeTech in late 2016.

The GCEX founder also had a five-year stint at Saxo Bank. He held several senior roles at the Danish broker, including global head of sales and account management.