The crypto trading venue provides binding quotes in an anonymous order book with execution times of 25 microseconds.
GCEX will serve as a Prime Broker Sponsor, ensuring capital efficiency and reducing settlement risks through multilateral clearing and settlement.
Lars Holst’s GCEX announced today (Wednesday) its partnership with Switzerland-based spot crypto exchange RULEMATCH, which enhances ultra-low latency trading and integrated post-trade clearing and settlement with netting, offering crypto trading access for its institutional clients.
Bringing Crypto Trading to Institutions
The partnership is strategic, as it enables GCEX’s client base, including hedge funds, algorithmic trading firms, brokers, and ETF/ETP providers, to benefit from binding quotes in an anonymous Central-Limit Order Book (CLOB) with execution times of 25 microseconds, the announcement highlighted.
“We are continually looking to push boundaries and expand our offering,” said Holst, CEO of GCEX. “Our partnership with RULEMATCH presents a great opportunity for our clients... Their offering is impressive, and we share the same commitment to market integrity and professionalism.”
No Conflict of Interest
GCEX also stressed that RULEMATCH only acts as a market operator and provides clearing and settlement services for its clients. It does not operate as a market maker, broker, or counterparty in trading or settlement.
In addition, GCEX will act as a Prime Broker Sponsor, ensuring capital efficiency and minimising settlement risks through multilateral clearing and settlement.
“Looking at the market today, it’s clear that many of the most active trading firms in the FX market are seeing significant opportunities in cryptocurrencies as well – which is understandable given the similarities in market structure,” said David Riegelnig, CEO of RULEMATCH.
“Our partnership with GCEX as a digital prime broker and sponsor means they now have access to RULEMATCH’s ultra-fast trading venue and can leverage its multilateral clearing and settlement capabilities. This powerful combination allows them to apply many of the same strategies from FX markets to trading crypto assets, including stablecoins.”
Meanwhile, GCEX has been strengthening its other offerings. Recently, the company introduced two new price feeds for brokers using aggregation, designed to improve spreads and performance for FX and precious metal markets. Earlier this month, it also introduced a market data feed covering equity index CFDs, energy CFDs, commodity CFDs, crypto CFDs, spot FX, and bullion.
Lars Holst’s GCEX announced today (Wednesday) its partnership with Switzerland-based spot crypto exchange RULEMATCH, which enhances ultra-low latency trading and integrated post-trade clearing and settlement with netting, offering crypto trading access for its institutional clients.
Bringing Crypto Trading to Institutions
The partnership is strategic, as it enables GCEX’s client base, including hedge funds, algorithmic trading firms, brokers, and ETF/ETP providers, to benefit from binding quotes in an anonymous Central-Limit Order Book (CLOB) with execution times of 25 microseconds, the announcement highlighted.
“We are continually looking to push boundaries and expand our offering,” said Holst, CEO of GCEX. “Our partnership with RULEMATCH presents a great opportunity for our clients... Their offering is impressive, and we share the same commitment to market integrity and professionalism.”
No Conflict of Interest
GCEX also stressed that RULEMATCH only acts as a market operator and provides clearing and settlement services for its clients. It does not operate as a market maker, broker, or counterparty in trading or settlement.
In addition, GCEX will act as a Prime Broker Sponsor, ensuring capital efficiency and minimising settlement risks through multilateral clearing and settlement.
“Looking at the market today, it’s clear that many of the most active trading firms in the FX market are seeing significant opportunities in cryptocurrencies as well – which is understandable given the similarities in market structure,” said David Riegelnig, CEO of RULEMATCH.
“Our partnership with GCEX as a digital prime broker and sponsor means they now have access to RULEMATCH’s ultra-fast trading venue and can leverage its multilateral clearing and settlement capabilities. This powerful combination allows them to apply many of the same strategies from FX markets to trading crypto assets, including stablecoins.”
Meanwhile, GCEX has been strengthening its other offerings. Recently, the company introduced two new price feeds for brokers using aggregation, designed to improve spreads and performance for FX and precious metal markets. Earlier this month, it also introduced a market data feed covering equity index CFDs, energy CFDs, commodity CFDs, crypto CFDs, spot FX, and bullion.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
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