Exclusive: New FX broker revolutionizes prime brokerage with inverse liquidity and reverse feeds

Today, the traditional prime brokerage and liquidity provision sector has been completely turned on its head with the revolutionary launch of a reverse liquidity aggregation system by newly established Outer Mongolian technology and Tier 3 liquidity provider Absoluta Nugarum. From its offices in the Mongolian capital city of Ulan Bataar, Absoluta Nugarum has developed a new […]

New FX brokerage revolutionizes prime brokerage with inverse liquidity and reverse feeds

Today, the traditional prime brokerage and liquidity provision sector has been completely turned on its head with the revolutionary launch of a reverse liquidity aggregation system by newly established Outer Mongolian technology and Tier 3 liquidity provider Absoluta Nugarum.

From its offices in the Mongolian capital city of Ulan Bataar, Absoluta Nugarum has developed a new type of liquidity feed which takes FX market liquidity from top tier banks across the interbank FX sector in prominent jurisdictions and then reverses the feed in order to connect inverse liquidity, a totally new method of distributing multi-feed, static liquidity to a high latency retail trading platform.

Increasing latency by means of inverting liquidity via a 10 bit 2 bayonet connector is a key feature of the new system, which is aimed at increasing transaction times for retail FX trades from 60 milliseconds to 700 seconds per transaction is a major step backward for the institutional technology sector, an achievement about which Absoluta Nugarum is very proud indeed.

Speaking exclusively to FinanceFeeds at the Ulan Bataar forum for technological advancement in financial services, Mr. Non Credebant, CEO of Absoluta Nugarum explained

“We believed that the highly advanced technology being used within many prime brokerage systems today needed disrupting, and that the low latency technology which is now in place is currently too sophisticated and the industry needs to take a step back, hence our inverse liquidity solution.”

“In terms of connectivity, we realize that 10 bit 2 connectors have not been available since they were superceded by CAT 5 ethernet in 2000, but the depreciation that has resulted from this means that institutional firms can save a fortune on their hardware installations by picking them up for 50 cents a piece on eBay” he concluded.

….And if you believe any of this, check this out.

 

Read this next

Institutional FX

Tradeweb pulls in $408.7 million in Q1 revenue amid record trading volumes

Tradeweb Markets Inc. (NASDAQ: TW) has just announced its financial results for the first quarter of 2024, which showed a robust performance for the three months through March.

Institutional FX

BGC Group valued at $667 million following investment by major banks

BGC Group announced that its exchange platform, FMX Futures, is now valued at $667 million after receiving investments from a notable consortium of financial institutions.

blockdag

Transforming a Bankrupt Investor into a Cryptocurrency Giant; Can BlockDAG Replicate Ethereum’s Meteoric Rise With 30,000x Predictions?

The realm of cryptocurrency investing presents a thrilling blend of challenges and opportunities. The legendary gains by early Ethereum investors serve as a powerful lure for those seeking the next major breakthrough.

Digital Assets

SEC delays decision on spot bitcoin options ETFs

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to authorize options trading on spot bitcoin ETFs, extending the review period by an additional 45 days. The new deadline for the SEC’s decision is now set for May 29, 2024.

Market News, Tech and Fundamental, Technical Analysis

Solana Technical Analysis Report 25 April, 2024

Solana cryptocurrency can be expected to fall further toward the next support level 130.00, target price for the completion of the active impulse wave (i).

Digital Assets

Morgan Stanley to sell bitcoin ETFs to clients

Morgan Stanley may soon allow its 15,000 brokers to recommend bitcoin ETFs to their clients, as reported by AdvisorHub.

Digital Assets

Masa Announces Comprehensive AI Developer Ecosystem with 13 Dynamic Partners Focused on Leveraging Decentralized Data and Large Language Models

In a groundbreaking development, Masa, the global leader in decentralized AI and Large Language Models (LLMs), proudly announces the launch of its AI Developer Ecosystem, partnering with 13 visionary projects.

Financewire

Kinesis Mint becomes the official partner for the House of Mandela

Kinesis Mint, the certified independent precious metals mint and refinery of Kinesis, the monetary system backed by 1:1 allocated gold and silver, has been appointed the exclusive coin producer for the House of Mandela.

Chainwire

Kadena Announces Annelise Osborne as Chief Business Officer

Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO).

<