Tradenext Launching New Institutional Service, Tradenext Prime

In anticipation of next week’s iFX EXPO in Macau, UK regulated broker, Tradenext has announced the launch of Tradenext Prime, the company’s new B2B unit, which will officially go live on January 22nd. The division will be offering prime brokerage services for retail aggregators, banks, brokers, hedge funds, and large-sized active individual traders. According to the firm, “The service will enhance institutional services for banks and brokers in emerging markets including India, Thailand and Mexico.”

While Tradenext had previously been offering institutional services such as white label arrangements for brokers and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term to asset managers, a company representative explained to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that the launch of Prime consolidates all of their B2B operations under one division. In addition, the representative added that the broker will be now offering API connectivity of their aggregated liquidity to customers as a newly launched product of Tradenext Prime.

In their public statement, Alex Chehade, Senior Trader at Tradenext Limited stated that, “Tradenext Prime complements Tradenext’s multi-asset, multi-platform philosophy to provide traders a complete suite of solutions that fit their ever changing needs. We have collaborated with Tier 1 providers of liquidity solutions to offer a high-end product to users.”

Overall, the launch of Tradenext Prime provides another example of firms widening their product range to compete in multiple segments of the FX industry. Further examples of the launch of technology and marketing units are to service partners as well as aggregators whose primary business is facing institutional customers, now creating liquidity products tailored towards the needs of retail brokers.