Institutional-client focused prime brokerage and execution venue IS Prime has extended its partnership with Gold-i, a trading systems integration specialist for the financial services industry, to deploy its liquidity and execution capability via Gold-i’s recently launched Matrix Net.
The combined effort will leverage Gold-i’s global distribution footprint and IS Prime’s price aggregation and matching capabilities to expand the companies’ institutional client base while continuing to service the retail brokerage, mid-sized institutions, and active professional traders.
Matrix Net is described as the most significant Gold-i product since the inception of the company. The full multi-asset capabilities make this product unique in the retail sector and offer brokers an easy way to extend their offering to multiple markets and asset classes.
In addition to spot FX, Matrix Net’s portfolio also covers several segments including CFDs and cryptocurrencies. The product not only allows brokers to aggregate in-coming liquidity feeds but it also enables them to offer their own liquidity out to clients.
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Earlier this month, Gold-i integrated its Crypto Switch with B2C2 to enable brokers to hedge their clients’ trades on cryptocurrency CFDs. Crypto Switch acts as a bridge between various technologies used in Forex and cryptocurrency industries by allowing brokers access to a number of global cryptocurrency exchanges and liquidity providers. The product has allowed Gold-i to introduce a large-scale cryptocurrency offering through the MT4 and MT5 brokers.
IS Prime also interested in cryptocurrency
IS Prime has been seeing steady growth over the past few years. The company saw profits increase by an impressive 900 percent during the FY ending March 31, 2017. Looking ahead, it is apparent that the brokerage is intent on entering the cryptocurrency industry, aiming to leverage its technology integration capabilities across the surging industry.
Jonathan Brewer, Managing Partner, IS Prime commented: “Gold-i is one of our key technology partners. We have been providing pricing and execution services to users of the Gold-i MT4 Bridge since we launched the business. The addition of Matrix Net strengthens our partnership and provides IS Prime with another global distribution network for our FX, bullion and Index Swap liquidity. It enables both IS Prime and Gold-i to service clients on the Gold-i network in a more efficient way.”
Tom Higgins, CEO of Gold-I, added: “We have had significant interest from Prime of Prime brokers and Liquidity Providers since launching Matrix Net and are delighted that IS Prime has selected Matrix Net to enhance its liquidity distribution network. IS Prime is one of the fastest growing and most prestigious Prime of Prime providers, with a highly competitive liquidity offering. Our clients worldwide will benefit from their presence in our network.”