ICM.com Eyes Liquidity Distribution Growth with PrimeXM's Xcore Integration

Online retail and institutional brokerage ICM.com has announced that the company entered into a partnership deal with PrimeXM. The firm has tapped the services of the technology provider earlier this year.

ICM.com is now using Xcore to connect to more than 120 firms which are using the service as a 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 aggregator. The brokerage company is aiming to extend its reach towards the individual clients and institutions that are looking for fast trading speed and ultra-low latency order routing.

The new partnership also provides the broker with access to its customers in a system that is sending real-time and post-trade reports to retail brokers.

“This new partnership will help Xcore to expand its liquidity distribution, whereas ICM.com will use this opportunity to provide first class trading experience to its new and existing clients,” the company said in a statement.

The Founder of ICM.com, Shoaib Abedi, says that that the broker is aiming to grow liquidity distribution opportunities globally.

“Our new forged partnership with PrimeXM is very designed to improve access to our CFD and FX liquidity with new and existing ICM.com clients. We look forward to a long, successful relationship,” Abedi adds.

ICM.com Rebranding

Earlier this year, ICM.com consolidated its companies into a single brand. ICM.com is a proud sponsor of UK football team Fulham and the English polo team.

The company has two regulated subsidiaries in Europe with the UK FCA and the CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term. ICM.com also has a regulated entity in the St Vincent and Grenadines.

Speaking with Finance Magnates last year, the firm's founder Shoaib Abedi also shared that the company is heavily focused on expansion in the Middle East.

Following a year of tumultuous developments for the industry, brokers are looking for ways to become more competitive globally. ICM.com has been actively looking for ways to optimize its business since last year, when the firm became actively involved in geographic diversification.