PrimeXM’s XCore Adds Refinitiv Autex Trade Route

XCore system, an FX bridge ‎aggregation and hosting solutions provider, has integrated with Refinitiv Autex Trade Route (ATR), a major FIX-based order-routing network, PrimeXM announced today.

This will enable the XCore community of brokers to directly access and trade with more than 600 institutional execution brokers, thus covering a major part of the cash equity products including stocks, exchange-traded funds (ETFs), exchange-traded notes (ETNs), and exchange-traded commodities (ETCs).

The sell-side brokers on the ATR network can offer their services to the Retail XCore Community of Brokers.

Furthermore, PrimeXM highlighted that the recent integration will also provide a comprehensive real-time view to buy-side firms of all transactions executed across multiple brokers with proprietary Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, analytics, monitoring, and reporting functionalities.

XCore, PrimeXM’s flagship product, offers a low latency order routing and pricing ‎engine, giving the institutions the opportunity to ‎connect to a wide range of 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 providers.

Apart from the recently integrated ATR, XCore also provides market data access to exchanges all over the world through Refinitiv Elektron, CBOE, ICE data services, and other market data vendors.

Updating Offerings to the XCore Community

Founded in 2010, PrimeXM’s key business focus is providing aggregation software, low-latency connectivity, hosting solutions, and high-end MT4/MT5 bridging and white labels. Furthermore, the Swiss-based ‎technology company also offers a MetaTrader 5 Gateway low-latency connectivity to over 120 providers of forex and CFD liquidity.

Earlier this year, PrimeXM added an IP whitelisting feature for XCore Connectors, enabling brokers to update their selected IPs of existing connectors without the help of the PrimeXM support team.

Additionally, ‎XCore is installed in PrimeXM’s infrastructure in Equinix ‎data centers, allowing for the efficient management of the entire brokerage business in a centralized environment.