GBE Prime announces significant spreads improvement from November 2018

Maria Nikolova

The company has made a significant improvement of the institutional offering rates across its whole range of instruments.

One of the industry-leading liquidity providers, GBE Prime, has made a significant improvement of the institutional offering rates across its whole range of instruments.

GBE Prime, a CySec licensed brand established and managed by a team of German professionals, announced today that has started offering spreads averaging from 0.09 pips (example related to EUR/USD) to its existing and prospect institutional clients. The company has integrated a live-spread showcase on the homepage of their website to present this information to the public.

Speaking to Finance Feeds, the GBE CEO, Rifat Sayim, commented from Limassol “We have managed to achieve a significant price improvement as a result of the growth of our business partner network and yields from our long-term investments in technology”.

He further added “GBE will now also be a choice based on competitive pricing, in addition to being a preferred partner for professionalism and reliability”.

 Best-price alone however is not all that institutional clients look out for on the global FX liquidity market. Security, technology and accessibility are only few of the many factors needed for the construction of a strong liquidity service. GBE shared that it partners with leading aggregation and connectivity providers which makes its services “intelligent, secure and reliable”.

Ben-Florian Henke

They further commented that “The use of an XCore engine provides a centralized environment for liquidity and risk management. This enables GBE to offer aggregated liquidity from servers in London, New York and Tokyo”.

Commenting on the topic from Hamburg, the Head of GBE Prime, Ben-Florian Henke, advised FinanceFeeds that “In addition to the fast and secure liquidity service which we now provide to over 50 institutional clients across the globe, we are today able to offer them even more value which will support and stimulate the growth of their businesses. Our liquidity service is tailor-made so clients pay only for the settings they need and use”.

Read this next

Uncategorized

US and South Korea seek extradition of Luna founder Do Kwon

Both US and South Korean officials are seeking to extradite Terraform Labs CEO Do Kwon, just hours after he was arrested in Montenegro.

Retail FX

Pepperstone UK doubles profit, client assets in 2022

The London-based entity of Australian FX broker Pepperstone has reported its financials for the fiscal year ending June 30, 2022. The group had outperformed the last year’s flat performance, having doubled revenues and boosted the broker’s bottom line and shareholders’ fortunes.

Institutional FX

CLS FX volume rises to just shy of $2 trillion in February

Foreign exchange settlement provider, CLS Group saw strong volumes in February 2023 as the banking crisis continues to weigh on a world economy that’s yet to fully recover from the Russia-Ukraine war’s shocks.

Digital Assets

Binance restores trading after 2-hour outage

Binance suffered a breakdown on its trading engine that lasted for about two hours, but the premier cryptocurrency exchange finally managed to restore normal operations at around 14:00 UTC.

Digital Assets

Tether earns $700 million in Q1, taking excess reserves to $1.6 billion

Tether chief technology officer Paolo Ardoino said the world’s largest stablecoin issuer expects to earn more than $700 million in the January-Mach quarter, which will be added to the reserve backing its stablecoin (USDT).

Digital Assets

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

Narwhal Finance received strong support from Animoca Ventures and angel investors in a $1 million seed funding round, reinforcing the company’s vision of providing an accessible platform to all.

Technology

SteelEye tries ChatGPT for market surveillance

This capability can be used as a starting point for initiating a surveillance investigation and to standardize workflow processes to boost the throughput and consistency of cases. It is also useful when analyzing communications in foreign languages, as the system returns the above insights in English regardless of the languages being used.

Industry News

SEC charges ex-Morgan Stanley advisor of NBA players after $13m fraud

Darryl Matthew Cohen was arrested this week and is facing three different federal counts of fraud, which could amount to 20 years in prison if convicted, besides the SEC complaint. 

Industry News

AWS FinTech Africa Accelerator launched, applications until April 27, 2023

Founders will be offered tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners, in order to build their fintech products. 

<