Advanced Markets taps FXCubic to expand liquidity sources

abdelaziz Fathi

Multi-asset liquidity and prime-of-prime service provider Advanced Markets has integrated with FXCubic, a trading technology provider for institutional and retail brokers.

Advanced Markets

FXCubic API enables users to react to changes both in markets and their own books. It also allows for monitoring total exposure and adjusting markups for each instrument independently. This FIX integration will enable Advanced Markets to expand its global reach and provide institutional clients with access to an extensive range of liquidity sources.

The alliance between FXCubic and AMG will also allow for greater transparency in pricing, improved execution speed and lower transaction costs.

Advanced Markets’ institutional business operates a 100 percent STP/agency model based on its FCA and AFSL licenses. Its STP platform enables FX market participants to trade on prices streamed by more than ten FX banks in an anonymous market structure.

The company has expanded its liquidity offering throughout the last two years by launching CFDs on single stocks and cryptocurrencies, which marked the first stage of its decisive move into the surging arena.

Advanced Markets CEO, Anthony Brocco comments: “We are excited to announce our new integration with FXCubic, which will enable us to expand our global reach and provide institutional clients with access to an extensive range of liquidity sources, improved pricing transparency and faster execution. This collaboration underscores our commitment to delivering the best possible trading experience for our clients and further strengthens our position as a leading provider of prime-of-prime liquidity, credit and technology solutions in the global financial markets.”

Wassim Khateeb, the Chief Commercial Officer of FXCubic, added: “We are very happy to have completed the integration with Advanced Markets, which will enable us to offer our clients more choices of Liquidity Providers to work with. Our goal is to provide our clients with a broad range of liquidity sources, which will allow them to access more competitive pricing. We believe that this integration will help us achieve this by leveraging our combined strengths to offer even more comprehensive solutions to institutional clients globally.”

Based in London and Cyprus, FXCubic has entered into the competitive finance technology landscape in 2017, offering pricing engine and order routing solutions. Its offering consists of bridging, aggregation, and risk management solutions to manage all the aspects of FX and CFD brokers’ offerings.

This new integration with Advanced Markets was the latest in a series of collaborations that FXCubic has forged with high-end technology providers. Part of its integration package, it recently added access to Refinitiv Elektron, which includes Tradeweb® corporate and sovereign bond pricing, MarketAxess’ 35,000 instruments, Reuters News, Refinitiv® FXall® and dozens of other data sources from around the globe.

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