Global Market Index Limited (GMI), a UK-based and FCA authorized B2B/STP-ECN broker, has partnered with Gold-i, a trading systems integration specialist for the financial services industry, to make its multi-asset liquidity accessible via Gold-i’s Matrix product.
The combined effort will enhance Gold-i’s liquidity distribution network while tapping into GMI’s price aggregation and matching capabilities. This collaboration helps expand the company’s institutional client base while continuing to service the retail brokerage, mid-sized institutions, and active professional traders. The integration also enables Gold-i’s clients to access GMI’s FX and CFD liquidity, which includes a powerful pricing aggregation from major ECNs.
Gold-i’s Matrix suite of products are described as the company’s most significant products since its inception. They enable clients to access and manage multi-asset liquidity, including FX, CFDs and cryptocurrencies, or distribute multi-asset liquidity to clients.
Gold-i’s Matrix Insights provides analysis and reporting capabilities that can help brokers to respond to clients’ queries, satisfy regulatory requirements and maximise profitability.
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GMI on a Hiring Spree
GMI UK has made headlines over the past few months as it continues to bulk up its ranks with FX industry talents. The institutional-focused broker has recently onboarded two senior members from FXCM – former head of FXCM Pro, Chris Hossain-Nelson and former head of IB Partnerships, Aaron Brown – as well as Richard Bartlett, former manager of Sales at PrimeXM.
Co-founded by Chinese entrepreneur Jeff Chao, GMI started its operations in 2009 with a focus on the Asia Pacific market and was an early pioneer to introduce ECN and STP technologies into the region. In 2015, the company has secured approval from the City regulator to operate as an STP-ECN only broker in the UK.
According to its recent reports, GMI has doubled its trading volumes more than 20 times under the leadership of current CEO Ashraf Ebid, who joined the company in 2016 after a lengthy career spanning nearly 30 years across Japan, UK, Australia, Singapore and Dubai.
Commenting on the news, Tom Higgins, CEO of Gold-I, said: “We are delighted that we are now able to provide GMI liquidity through Gold-i technology. GMI’s multi-asset liquidity will be welcomed by our clients worldwide, particularly in Asia where GMI has a reputation for excellence and has built a strong brand from its local offices in the region.”
Ashraf Ebid, CEO of GMI, added: “Gold-i has reliable, market leading technology and a worldwide client base. They are an ideal partner for GMI as we continue to evolve our business, expand globally and make our liquidity accessible to a wider audience. This latest development follows a major growth period for our business which has included significant investment in our technology, a number of new offices and a series of senior hires.”