Citadel Securities, an international market-maker across the equities, futures, options, treasuries, FX and swaps markets, has partnered with Japanese brokerage Invast Securities Co. Ltd. (TYO:8709), to become the newest liquidity provider available via the Invast Global multi-asset prime services facility, PurePrime.
PurePrime now offers disclosed bank, non-bank and ECN liquidity with aggregation of more than 20 unique FX and Metals liquidity providers.
The partnership follows growing global demand for the Invast PurePrime facility in the Prime-of-Prime space. Tailored for institutional clients, hedge funds and sophisticated traders, PurePrime offers bespoke, optimised FX and CFD liquidity with multiple trading GUIs, backed by 3 Tier 1 Prime Brokers.
Invast CEO Gavin White stated:
Invast is pioneering the distribution of non-bank liquidity. The PurePrime facility provides an unparalleled channel by which institutions are able to easily access premium non-bank liquidity.
Citadel Securities is led by CEO Kevin Turner – previously COO of Microsoft, and provides liquidity across fixed income, equities and FX. In FX, Citadel Securities specialises in spot G10 and emerging markets foreign exchange and bullion.
As White concludes:
The FX space is rapidly evolving, as regulatory reforms reshape the banking industry. Invast is at the forefront, providing institutional clients with a premium alternative to traditional bank prime services.