Devexperts adds GCEX liquidity for Pro and Institutional Clients

Rick Steves

This integration makes it simple and seamless for institutional firms to offer crypto to their clients, using proven financial grade technology coupled with liquidity from a regulated provider.

Devexperts, a provider of retail and institutional trading platforms, has integrated with GCEX, a liquidity provider for brokers, funds and other professional traders. Now brokers using the Devexperts platform DXtrade can seamlessly get access to FX, Crypto, and digital assets liquidity from GCEX.

This integration is aimed at brokers wanting the latest trading technology and seamless integration to access both FX and Crypto Liquidity. The solution caters for Crypto Spot as well as FX/Crypto CFDs, which can help firms move to a multi-asset offering.

Jon Light, VP of Trading Solutions at Devexperts said: “When you combine Devexperts’ trading platforms with the excellent liquidity GCEX provides, this creates a harmonious offering for all types of brokers covering FX and Crypto.”

Lars Holst, CEO at GCEX, added: “Besides regulation, security, and technology, the cryptocurrency market needs enough liquidity for the institutional participants to come. Our role here is to make this happen. Devexperts has been around for a very long time, and it is great that we can work and integrate with them and the high-end platforms they offer.”

GCEX holds an FCA license and is one of the few firms on the Temporary Cryptoasset Register since the 5th EU Anti-Money Laundering Directive (AMLD5) came into effect in January 2021.

This dual licensing with FCA allows GCEX to conduct regulated cryptoassets trading. GCEX does not run risk as all trades are offset with Tier-1 banks and non-bank LPs, who offer both CFD and Spot for crypto assets.

They do not self custody, and only work with 3rd party insured custodians. GCEX provides liquidity for all traditional products, such as FX, commodities, CFDs, and many crypto-crypto and crypto-fiat crosses with major currencies, along with the ability to on and off-ramp digital assets.

Devexperts has recently published an e-book to help FX/CFD/Crypto brokers understand the mechanics of FX execution, the technology behind it, and to reach Level 80 in liquidity management.

As the first free material available of its kind, the e-book, ‘The Ins and Outs of Forex Liquidity Aggregation’, provides insights for expanding brokers that consider working with multiple liquidity providers, and their staff, in order to boost their confidence in pricing and hedging strategies.

The e-book starts off by covering the issues that having one single liquidity provider can bring, as they can stop streaming quotes at any time or stream off-market quotes, widen the spread, not accept trades, or lack enough liquidity.

With the need for multiple LPs established, brokerages require a liquidity aggregator to make it work. From there, the author explains all the ins and outs of market data aggregation, no quotes, wide spread, LP rejections, and shallow depth.

Mr. Sorokin then explores the multi-LP environment challenges and how to determine the correct number of LPs, as well as the benefits of using a prime broker or even multiple prime brokers, depending on the brokers’ needs.

Understanding the importance of liquidity is vital as pricing or trading issues can result in a huge risk and potentially ruin a broker.

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