Invast Global, the ASIC-regulated Australian-based arm of leading Japanese brokerage Invast Securities Co. Ltd. (TYO:8709), has announced that it has deepened the liquidity offering of its multi-asset prime services facility PurePrime by adding FX pricing from Lucid Markets.
Lucid Markets is a unit of Global Brokerage Inc (NASDAQ:GLBR), formerly FXCM Inc.
Lucid established itself in 2009 as the world’s first alternative FX liquidity provider, offering an SLA equivalent to top tier banks. Clients of Invast Global’s multi-asset prime services facility, PurePrime, will now have access to unique proprietary FX pricing from Lucid.
Lucid Markets is a discrete, specialised quantitative-driven FX market maker. Formed by the former heads of FX algorithmic trading at Deutsche Bank and Goldman Sachs (and acquired by FXCM in 2012), Lucid Markets streams unique prices uncorrelated to bank or other liquidity sources. As Lucid Markets is a genuine creator of liquidity and warehouser of risk, client orders are executed with minimal market impact.
Paul Lonsdale, Partner at Lucid Markets stated,
Lucid Markets is honoured to be chosen by Invast Global to help support their already award winning prime services facility.
The partnership with Lucid Markets expands Invast’s PurePrime to over 20 unique FX and metals liquidity providers. The impressive suite of non-bank market-makers Invast Global has assembled within the PurePrime facility is unique in the industry and includes names such as Citadel Securities, XTX Markets and Virtu Financial. This line-up represents a new era of access for clients.
Offering a tailored solution for institutional clients, brokerages, hedge funds and sophisticated traders, PurePrime offers access to disclosed bank, non-bank and ECN liquidity via multiple trading GUIs or API, all backed by 3 Tier 1 Prime Brokers.