Invast Adds Citadel to its List of Liquidity Providers

Monday, 24/10/2016 | 14:54 GMT by Victor Golovtchenko
  • The Australian brokerage is following the trend of the increasing role of non-bank liquidity providers
Invast Adds Citadel to its List of Liquidity Providers
Finance Magnates

Australian brokerage Invast has announced the addition of Liquidity from the market making arm of high-frequency trading focused company Citadel LLC. Invast's partnership with Citadel Securities is set to deepen the liquidity pool for clients using the broker's multi-asset prime broking facility PurePrime.

According to Invast, the company’s solution is now offering liquidity from disclosed, non-bank and ECN venues with over 20 foreign exchange and metals liquidity providers (LPs). The addition of Citadel Securities is confirming the latest trends in the industry where non0bank liquidity providers are growing to fill the gap left by big banks.

Invast PurePrime has been a growing business for the Australian brokerage and the addition of new liquidity providers is aiming to further boost the competitiveness of the product. The Prime-of-Prime (PoP) space has been one of the most demanded services in the aftermath of the Swiss National Bank (SNB) Black Swan last year.

Commenting on the announcement, the CEO of Invast Gavin White said, “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.”

“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,” the CEO of the company elaborated.

Citadel Securities has been providing liquidity in spot G10 and emerging markets foreign exchange as well as bullion. The newest LP of Invast is led by CEO Kevin Turner, who has previously served as COO of Microsoft. Aside from FX, the company is also providing liquidity services for fixed income and equities.

Australian brokerage Invast has announced the addition of Liquidity from the market making arm of high-frequency trading focused company Citadel LLC. Invast's partnership with Citadel Securities is set to deepen the liquidity pool for clients using the broker's multi-asset prime broking facility PurePrime.

According to Invast, the company’s solution is now offering liquidity from disclosed, non-bank and ECN venues with over 20 foreign exchange and metals liquidity providers (LPs). The addition of Citadel Securities is confirming the latest trends in the industry where non0bank liquidity providers are growing to fill the gap left by big banks.

Invast PurePrime has been a growing business for the Australian brokerage and the addition of new liquidity providers is aiming to further boost the competitiveness of the product. The Prime-of-Prime (PoP) space has been one of the most demanded services in the aftermath of the Swiss National Bank (SNB) Black Swan last year.

Commenting on the announcement, the CEO of Invast Gavin White said, “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.”

“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,” the CEO of the company elaborated.

Citadel Securities has been providing liquidity in spot G10 and emerging markets foreign exchange as well as bullion. The newest LP of Invast is led by CEO Kevin Turner, who has previously served as COO of Microsoft. Aside from FX, the company is also providing liquidity services for fixed income and equities.

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3424 Articles
  • 27 Followers
About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 27 Followers

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