PrimeXM & Global Prime Extend Partnership, Add TraderEvolution

PrimeXM, a connectivity and infrastructure provider for the brokerage industry, announced this Tuesday that it has expanded its long-established partnership between Australian foreign exchange (forex) broker Global Prime, to begin a new setup with a startup in the global brokerage industry - TraderEvolution.

Under the partnership, Global Prime is one of the first brokers to integrate TraderEvolution’s Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, which will be used for the institutional side of the company’s business. The platform provider has customized a platform to meet Global Prime’s needs, the statement said.

TraderEvolution provides multi-market trading platforms, including back-end and a full set of front-end trading platforms that have connectivity to dozens of markets across the world. To help the ASIC-regulated broker integrate the platform, PrimeXM will provide the setup for the integration via its infrastructure in New York and London.

Commenting on the partnership, Elan Bension, Director at Global Prime, said: “Global Prime has been with PrimeXM for nearly 4 years and has found the technology to be robust with round the clock support for PrimeXM XCore, and MT4 retail trading platforms.”

Regulations prompt brokers to diversify

The partnership announced today is the result of the growing importance for brokers to diversify their offering. This has seen a lot of trading providers expand the assets they offer to trade, or even go one step further with unique offerings such as commission-free trading.

“Оur options for platform customization and additional development helped us to meet 100% of Global Prime's requirements and allowed to build an outstanding offering for the institutional and retail part of their business,” added the founder and CEO of TraderEvolution, Roman Nalivayko.

“PrimeXM is a great choice for us to continue to manage 3rd party platforms such as TraderEvolution under the one umbrella co-located with direct access to our tier 1 and nonbank 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” continued Bension.