ASIC-Regulated Global Prime Partners With Gold-i for Liquidity Distribution

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.


ASIC-Regulated Global Prime Partners With Gold-i for Liquidity Distribution

September 11, 2019

Global Prime Global Prime, an ASIC-regulated MetaTrader-only broker based in Australia and owned by Gleneagle Securities, has partnered with Gold-i to distribute its institutional liquidity of FX, CFDs (metals, indices, and cryptocurrencies) and NDFs.

The liquidity distribution arrangement with Gold-i will be implemented by using Matrix Net, an extension of Gold-i’s multi-asset liquidity management platform which offers multiple routing and aggregation methods, leveraging connections with over 70 Liquidity Providers. Leading Liquidity Providers and Prime of Prime brokers use the platform to distribute liquidity to Gold-i’s global network of clients.

Offering Prime of Prime brokerage solutions and direct access without any interventions for margin clients, Global Prime sources Its institutional liquidity from more than 20 Tier 1 banks, non-banks, and ECN liquidity providers.

Elan Bension, Executive Director at Global Prime, commented: “When the opportunity to be part of Gold-i’s Matrix NETwork was presented to us, we didn’t think twice about it. We are very proud to
partner with Gold-i and believe this is a perfect synergy for brokers worldwide. We are confident that Gold-i’s sophisticated liquidity management platform and our high-quality liquidity solution will provide significant opportunities of growth for brokers worldwide.”

Tom Higgins, Chief Executive Officer, Gold-i, said: “Our focus remains on offering clients the best liquidity in the market at the best prices, and ensuring that Gold-i clients can access multi-asset liquidity in an optimal way. We are therefore delighted to welcome Global Prime to our Matrix NETwork and give a further choice of high quality, multi-asset liquidity to our clients worldwide.”

The specialist in multi-asset liquidity management, advanced risk management tools, and business intelligence software, offers a range of MT4/MT5 plug-ins to enhance the capabilities of these MetaTrader platforms.

According to Gold-i, Matrix has cost over £1m to bring to market and was developed specifically to help MetaTrader brokers, from start-ups to global organizations as they look for a modular liquidity
management platform capable of reducing the risk for them. The service adds new revenue streams with its multi-asset capabilities, from FX to CFDs, futures, and equities, and has no up-front costs or set up fees.

Matrix supports multiple spreading rules and partial fills. It also supports: Best Bid Offer (BBO): with multiple LPs Sweep: considers depth of market as well as Best Bid Offer Primary/Secondary: ideal for brokers where resilience is key It is hosted in your own datacentre to give a latency advantage, ensuring you have full access to all system features and can input changes in real-time. This puts you in control and reduces downtime should any technical issues or cyberattacks occur.

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