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

Digital Assets

AAX ranked world’s second largest spot exchange, only behind Binance

Crypto trading volumes experienced their first surge in activity since March as the majority of digital assets began their recovery from the recent grim price action, according to a new report by Cryptocompare.

Digital Assets

Bitpay teams up with Cardlytics to provide 15% cashback rewards

Crypto payment service provider Bitpay announced a partnership with Cardlytics Inc (NASDAQ:CDLX), which it says will offer more rewards for BitPay cardholders on its platform.

Digital Assets

BlackRock digs further into crypto with spot bitcoin private trust

BlackRock, the world’s largest asset manager with almost $8 trillion in AUM, has launched a spot bitcoin private trust for institutional clients in the United States.

Digital Assets

SEC fines Bloom Protocol, orders refund to BLT token purchasers

Blockchain startup Bloom, which raised $30 million in funds via an initial coin offering (ICO), has agreed to return the money to token purchasers and pay a $300,000 fine, the SEC announced.

Institutional FX

FX volume takes step back at Singapore Exchange in July

The Singapore Exchange (SGX), the country’s paramount exchange operator, has released its monthly volumes across its FX, derivatives and commodities segments for July 2022.

Market News

The Week Ahead: 12 August from David Madden, Market Analyst at Equiti Group

There was a spike in volatility last week when the US CPI report ticked down to 8.5% from 9.1%, missing the forecast of 8.7%. The announcement led to chatter the Fed might not carry out a 0.75% interest rate hike in September.

Digital Assets

Pomelo Pay adds crypto payments capabilities from TripleA

According to a June survey conducted by Deloitte, nearly 75% of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years.

Executive Moves

Talos appoints “boss, mentor, and friend” Neal Pawar as strategic advisor

“Foundational technologies are needed for institutions to fully embrace this potential, however, and in my opinion Talos’s platform is steadily becoming the de facto industry standard for digital asset trading.”

Technology

Avelacom enhances Middle East connectivity amid new market trends

Avelacom found that smaller markets in the region were not sufficiently covered by third-party vendors.

<