Sheer Markets aims high with FX and CFD liquidity from Match-Prime

Rick Steves

“We try to deliver an innovative product ourselves, which includes traditional CFDs on Foreign Exchange, Commodities, Stocks, Cryptocurrencies and Stock Indices, that’s why we needed a partner to rely on that understands modern business.”

Retail FX and CFD broker Sheer Markets has partnered with Match-Prime to gain access to its liquidity pool. The subsidiary of Match-Trade is a Liquidity Provider authorized and regulated by CySEC.

Match-Prime works exclusively with professional clients and institutions on a Prime of Prime model offering bespoke liquidity for Forex & other CFDs including a constantly growing number of crypto instruments.

Sheer Markets is aiming high

Howard Carr, Chief Executive Officer of Sheer Markets, commented: “As an entity regulated by CySEC, we strive to provide the highest quality services to our clients. Therefore, we are constantly looking for trustworthy partners who share our philosophy.

“We searched for a suitable liquidity provider for a long time and finally decided to cooperate with Match-Prime. We were convinced by their approach to us as partners, and their offer is constantly expanding.

“We try to deliver an innovative product ourselves, which includes traditional CFDs on Foreign Exchange, Commodities, Stocks, Cryptocurrencies and Stock Indices, that’s why we needed a partner to rely on that understands modern business. Currently, we are in constant contact, and the cooperation is very good. I’m certain it will remain so in the future.”

Andreas Kapsos, Chief Executive Officer of Match-Prime Liquidity, said: “Sheer Markets, just like our company, is a relatively new established organization, which is also regulated by the Cypriot Regulator; therefore we have a common understanding, knowing which are the potential problems that may arise.

“We are glad that such a team of professionals has trusted us. I am sure that our businesses will grow together. I believe that our deep, multi-level liquidity will help them take the next step in the right direction.”

FX and CFD brokers must go multi asset: Join free webinar from TraderEvolution to learn how

Sheer Markets as go-to broker for NDFs and EMFX

Sheer Markets was founded in 2019 and soon became a go-to broker for non-deliverable forwards (NDFs), emerging markets currencies (EMFX), and Cryptocurrencies, but its trading offering includes many other instruments such as CFDs on FX, Equities, Indices, Commodities.

Sheer Markets has recently acquired a license from Labuan, Malaysa to address demand from non-EU traders and to expand into LATAM, Africa, Asia, and Oceania.

The broker offers a varied product range with over 1900 CFD instruments that can be traded through the most popular platforms in the industry such as MetaTrader 5.

In early January, the FX and CFD broker partnered with Muinmos to enhance onboarding and regulatory compliance. The firm went with the mCHECK automated module for all relevant AML/KYC/KYB requirements, and it obtained the additional modules mPASS and mRX.

mPASS is designed for full financial product, services and cross-border clearances including automated categorisation, suitability and appropriateness checks.

mRX is a risk management module enabling Sheer Markets to risk profile their clients based on their pre-configured risk parameters. That way, the broker has tapped a fully automated AI-based onboarding solution.

Read this next

Institutional FX

Integral also grapple with weak FX volumes in December

Foreign exchange trading volumes dropped in December across Integral’s trading platforms as many traders were away on annual leave and currency markets saw a relatively quiet period. December volumes outpaced those of last year, though turnover is still down month-over-month.

Digital Assets

BitMEX to turn German bank into regulated crypto products powerhouse in Europe

The historic German bank is already a leader in the application of blockchain technology and offers a range of digital assets banking services, including custody, tokenization, efficient payment transactions, and regulatory secure market access.

Industry News

CryptoUK appoints Teana Baker-Taylor as non-executive director

“CryptoUK is moving the needle on policy and regulatory framework development to ultimately build trust and protect all participants, from retail investors to the crypto industry players”

Retail FX

Skilling raises €10m to expand brokerage further after triple-digit growth in 2021

“This fundraising round represents the beginning of the next phase of Skilling’s growth as we further assert ourselves in the fintech industry”

Industry News

oneZero adds two more FX veterans, Indu Maheshwari and Kevin Verardi

The news of Indu and Kevin’s appointments comes a month after Jim Sullivan was announced as the company’s General Counsel, where he will be responsible for the company’s global legal function, based in New York.

Technology

Pareto Securities goes live with Broadridge’s OMS for low and high touch agency trading

The solution combines order management, market connectivity and smart order router (SOR) components developed by Itiviti, which was acquired by Broadridge last year in a $2.5 billion deal.

Retail FX

INGOT Brokers taps Acquity and Signal Centre for MT4/5 EAs and news analytics

INGOT Brokers is helping traders cut through the noise and get a clearer picture of the emerging market trends as well as better spot trading opportunities with AI-powered signals.

Digital Assets

Can the Ripple lawsuit be traded with Wrapped XRP to circumvent XRP delisting in US?

wXRP is a derivative product that is pegged to the digital asset that the SEC claims to be a security in what has been dubbed “the cryptocurrency lawsuit of the century”.

Digital Assets

e-CNY wallet downloads swell, but actual usage disappoints

China’s central bank has released a wallet app for payments and money transfers using the digital yuan earlier this month. Although the e-CNY wallet was the most downloaded app in January, but according to a Reuters report the actual use in transactions has been far less impressive.

<