Tradesocio, a financial technology provider, announced this Monday that Abu Dhabi-based brokerage ADSS has teamed up with the company to become one of the major liquidity providers available for its institutional clients.
Under the agreement, Tradesocio will be able to enhance the trade capabilities offered through Tradesocio Marketplace, which is an ecosystem of providers covering a range of services from liquidity, technology, aggregation, and more. Specifically, ADSS is now one of the multiple liquidity providers, which forms Tradesocio’s Liquidity Marketplace.
The technology provider offers a number of investment management solutions. This includes solutions for separately managed accounts (SMA), mirror trading (Mirror Trader), self-trading (TS Trader), financial advisory services, and portfolio management.
Commenting on the partnership, the Chief Executive Officer of Tradesocio, Wael Salem said: “It is a real pleasure to see our ecosystem grow organically. ADSS is a valuable addition to Tradesocio’s Marketplace, expanding the spectrum of choice that our liquidity ecosystem offers. Financial services providers adopting our technology which target or are based in the MENA region, now have a reliable source of deep liquidity in the area.”
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Clients of Tradesocio, which largely consist of financial service providers, can now benefit from the broker’s liquidity connection services by using a FIX API to connect their infrastructure to the liquidity provider.
Tradesocio continues to expand operations
In July, Tradesocio has been scaling up its operations. As Finance Magnates reported, the technology provider recently established a new global operational headquarters in the Dubai International Financial Center (DIFC).
Not only that, but the firm is currently planning to commit further resources to business development across Europe. This is done in preparation for the launch of a London office before the end of the year.
Last month, the AM technology provider completed API integration with two of the leading bridge and institutional liquidity providers, PrimeXM and oneZero. As highlighted by our report at the time, this integration benefits Tradesocio’s customers who already joined PrimeXM and oneZero ecosystems, which help liquidity providers, brokers, and asset managers to expand the reach of its FX and CFD liquidity.