IG sets technology partnership with PrimeXM for CFD and FX liquidity

ESMA Chairman targets asset managers for adequacy of liquidity concerns

London based online brokerage leader IG Group Holdings plc (LON:IGG) and financial connectivity solutions provider PrimeXM have announced a new strategic collaboration and technology partnership. The parties stated that this partnership will deliver unique capabilities and solutions for traders and institutional clients globally and allows both organizations to expand their unique value proposition and further bolster their cutting-edge offering.

The partnership, revolving around PrimeXM’s XCore product, will allow IG to expand liquidity distribution opportunities in its CFDs and FX business.

PrimeXM’s primary offering is the XCore, an aggregation and execution engine which provides a centralized environment for liquidity and risk management.

With PrimeXM XCore’s constant optimizations and rapid deployment of new functionalities, IG Group will be able to address the continued demand for flexible and innovative technologies in the financial trading landscape and facilitate ultra-low latency connectivity across the globe via PrimeXM’s extensive network.

The introduction of IG Group to the XCore community of partners is further expanding the community’s capabilities which offers access to hundreds of liquidity sources, including tier-1 banks, prime brokers and other global industry participants.

Richard Bartlett PrimeXM
Richard Bartlett, PrimeXM

Commenting on the new partnership, PrimeXM Head of Global Sales, Richard Bartlett noted:

We are excited about this new partnership with IG. Our shared commitment to offering market leading levels of execution performance and services to our clients made the decision to create this strategic alliance an easy one. One of the key benefits we are delivering here is expanding liquidity distribution opportunities globally for the IG Group via PrimeXM’s dedicated low-latency network and adding another strong liquidity partner for PrimeXM’s existing client base to take advantage of.

Fouad Bajjali, Global Head of Institutional at IG stated:

We are delighted to partner with a leading technology provider with a global reach such as PrimeXM. We are convinced that this partnership will improve access to our CFD and FX liquidity to counterparties across the globe.

In addition to XCore, PrimeXM also offers hosting services globally and connectivity solutions. The company’s offering extends to fully customizable MT4/MT5 White Labels.

Related News

IG sets technology partnership with PrimeXM for CFD and FX liquidity

Send this to a friend