Finance Feeds logo

IS Prime Extends Liquidity Distribution Network with Gold-i Matrix Net

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

IS Prime has extended its partnership with Gold-i by distributing its multi-asset liquidity via Gold-i’s recently launched Matrix Net.

gold i

Matrix Net enables Prime of Prime brokers and Liquidity Providers to distribute liquidity to brokers who use Gold-i’s Matrix, MT4 Bridge and MT5 Gateway products. It leverages   Gold-i’s large, global client network, providing discounted costs for liquidity distribution.

Jonathan Brewer, Managing Partner, IS Prime comments, “Gold-i is one of our key technology partners. We have been providing pricing and execution services to users of the Gold-i MT4 Bridge since we launched the business. The addition of Matrix Net strengthens our partnership and provides IS Prime with another global distribution network for our FX, bullion and Index Swap liquidity. It enables both IS Prime and Gold-i to service clients on the Gold-i network in a more efficient way.”

Tom Higgins, CEO, Gold-i adds, “We have had significant interest from Prime of Prime brokers and Liquidity Providers since launching Matrix Net and are delighted that IS Prime has selected Matrix Net to enhance its liquidity distribution network. IS Prime is one of the fastest growing and most prestigious Prime of Prime providers, with a highly competitive liquidity offering. Our clients worldwide will benefit from their presence in our network.”

Matrix Net is an extension of Gold-i’s multi-asset liquidity management platform, Matrix. Gold-i Matrix offers multiple routing and aggregation methods and is Liquidity Provider agnostic, leveraging connections with over 70 Liquidity Providers. It is super-fast and highly flexible, helping brokers worldwide to make more money and reduce risk.

Matrix Net supports FX, CFDs and cryptocurrencies in a single solution which is fully compatible with the Gold-i Crypto Switch.For further information please visit www.gold-i.com

IS Prime provides institutional clients with multi-asset execution across Tier 1 aggregated liquidity venues together with Prime Brokerage services and cutting edge front to back technology. The London-based FCA regulated firm is part of ISAM Capital Markets, which also includes IS Prime Hong Kong and IS Risk Analytics

Subscribe

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.

Takeprofit Tech
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).

Tether
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. 

<
✖