Advanced Markets Group announced on Tuesday the integration of the solutions of FXCUBIC, a low latency liquidity aggregation and price management services provider. The integration through FIX API FIX API The Financial Information Exchange (FIX) API is a set of clearly defined rules and methods which are used to execute electronically transfers of any financial data. The protocol is widely adopted by the industry and is used by both retail and institutional traders, but mostly by the more professional-oriented side of the industry. Moreover, the protocol is supported by the FIX Trading Community which is a non-profit, industry-driven standards body. The company is regularly updating the protocol The Financial Information Exchange (FIX) API is a set of clearly defined rules and methods which are used to execute electronically transfers of any financial data. The protocol is widely adopted by the industry and is used by both retail and institutional traders, but mostly by the more professional-oriented side of the industry. Moreover, the protocol is supported by the FIX Trading Community which is a non-profit, industry-driven standards body. The company is regularly updating the protocol Read this Term will enable Advanced Markets to expand its global reach and broaden liquidity sources for its institutional clients.

Advanced Markets Integrates FXCUBIC

The official announcement further elaborated that the partnership between the two companies will ensure greater transparency in pricing, improved execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term speed, and lower transaction costs.

“We are excited to announce our new integration with FXCubic, which will enable us to expand our global reach and provide institutional clients with access to an extensive range of liquidity sources, improved pricing transparency, and faster execution,” said the CEO of Advanced Markets, Anthony Brocco.

“This collaboration underscores our commitment to delivering the best possible trading experience for our clients and further strengthens our position as a leading provider of prime-of-prime liquidity, credit, and technology solutions in the global financial markets.”

A Well-Known Name in the Liquidity Space

FXCubic has been offering liquidity services since 2017. Earlier this year, the platform integrated with Hybrid Solution’s online multi-asset trading platform, VertexFX Trader, in a “mutually beneficial” deal.

The technology provider’s focus on expansion became prominent with its partnerships last year. It onboarded CoinAPI, a crypto market data provider, which integrates all leading crypto exchanges under a single application programming interface, providing market data for more than 16,000 assets. Further, FXCubic integrated Refinitiv Elektron, providing its clients access to a wide range of financial market data sets.

“We are very happy to have completed the integration with Advanced Markets, which will enable us to offer our clients more choices of Liquidity Providers to work with,” said the Chief Commercial Officer of FXCubic, Wassim Khateeb, who was promoted last October.

“Our goal is to provide our clients with a broad range of liquidity sources, which will allow them to access more competitive pricing. We believe that this integration will help us achieve this by leveraging our combined strengths to offer even more comprehensive solutions to institutional clients globally.”

Meanwhile, the UK subsidiary of Advanced Markets turned a profit for fiscal 2021 after its revenue jumped by 13 percent to $1.29 million. However, the numbers only show the performance of the UK subsidiary and not the entire operations of Advanced Markets.