Stater Global Markets (SGM), an institutional prime of prime brokerage firm, announced this Wednesday that it has added Gold-i Matrix Net as a liquidity distribution channel for its clients. The addition will provide a welcome boost to SGM’s service offering as it attempts to improve the tier-1 bank and non-bank liquidity it provides to clients.
Matrix Net is a part of Gold-i’s multi-asset liquidity management platform, Matrix. The latter service offers routing and aggregation solutions to users, with connections to more than 70 liquidity providers. Clients using Matrix can also access a number of different asset classes, including cryptocurrency, contracts-for-differences, and FX.
Gold-i, a technology provider to the trading industry, launched Matrix Net just three months ago. The service enables prime of prime brokers to distribute liquidity to brokers who use Gold-i’s Matrix, MT4 Bridge, and MT5 Gateway products.
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A new product for an existing partnership
Prior to this new agreement, Gold-i and SGM already had an existing partnership. As reported by Finance Magnates, last year SGM announced that it would be using Gold-i’s MT4 Bridge, a solution that offers brokers, who use an MT4 white label offering, access to different liquidity providers and revenue streams.
SGM is fairly new to the prime of prime brokerage industry. Founded in 2016, the firm is headed up by CEO Ramy Soliman, a former Citi and IG Markets salesman.
Soliman commented on the new deal with Gold-i, noting that it would enable his firm to reach new clients. “We are continually assessing opportunities with market leading companies in order to be an early adopter of premier technology which can improve our ecosystem.” Said Soliman, “The addition of Gold-i Matrix Net for liquidity distribution is a perfect example of this.”