IG Group Announces Strategic Technology Partnership with PrimeXM for CFD and FX Liquidity - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

IG Group

IG Group Announces Strategic Technology Partnership with PrimeXM for CFD and FX Liquidity

July 19, 2018

PrimeXMThe London-based major retail Fx brokerage group, IG Group and financial connectivity solution provider, PrimeXM have entered into a strategic technology partnership, that will see IG joining PrimeXM’s X core community of liquidity providers.

Prime XM’s primary offering is the XCore, that acts a liquidity aggregator of more than 120 firms and provides a centralized environment for liquidity and risk management. The parties stated that this partnership will deliver unique capabilities and solutions for traders and institutional clients globally and will allow both organizations to expand their unique value proposition and will further enhance their cutting edge offerings.

Through this partnership, IG will able to address the continued demand for flexible and innovative technologies. It will operate across Prime XM’s ultra low-latency connectivity across the globe thus improving trading speeds for clients. The users will now have access to hundreds of liquidity sources, including tier-1 banks, prime brokers and other leading global industry participants.

Richard Bartlett, PrimeXM Head of Global Sales
Richard Bartlett, PrimeXM Head of Global Sales

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

“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 noted:

“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.”

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