The 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.
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.”