FCA-regulated multi-asset liquidity solutions provider, BidX Markets announced today that the company has secured investment from Solid, a prominent ultra-low latency multi-bank ECN provider, to develop a strategic partnership between the two companies.
The press release shared with Finance Magnates states that BidX Markets and Solid are planning to transform the online trading industry through efficient services. As part of the collaboration, the clients of BidX Markets will be able to fully access the global institutional FX liquidity and technology from Solid.
Furthermore, the companies will offer liquidity management services and a detailed breakdown of trading activity and mark outs. Headquartered in London, BidX Markets has witnessed a surge in demand for its services in the past few months.
“The decision to welcome new partners was taken to prepare BidX Markets for its next growth phase and help us support our rapidly expanding institutional client base. As the market becomes increasingly more competitive, it is so important to find an edge that will help enhance our service offering to clients and provide true value. We are very pleased to be working so closely with the Solid team and believe this partnership will allow us to compete at the highest level,” Simon Blackledge, the CEO and Founder of BidX Markets, commented.
Solid
Backed by some of the leading banks, Solid is offering a wide range of services, including liquidity and technology-related solutions. The company is headquartered in the Netherlands.
“We are delighted to be working with Simon Blackledge, the CEO and Founder of BidX Markets, and his entire team that is quickly expanding. This strategic partnership and the investment we have made into one of the up-and-coming trading solutions providers will open new opportunities for both firms within the online trading industry. BidX Markets and its team, have an outstanding reputation which we’re proud to be associated with,” Diego Baptista, the Director at Solid, said.
