Abstract:Hybrid Solutions offers a multi-asset trading platform VertexFX. It has a significant presence in the Middle East and Asia.
GCEX, an FCA-regulated crypto and forex liquidity provider, announced on Wednesday its partnership with Hybrid Solutions, the provider of trading platform VertexFX. This step was taken to broaden the reach of the companys liquidity .
Hybrid Solutions VertexFX facilitates trading on forex, stocks, bullion and cryptocurrency markets. It was founded in 2002 and is in high demand among market makers and brokers.
The platform has a wide reach in the Middle East and Asian markets that will enhance GCEXs services in those regions as well.
“GCEX is incredibly pleased to be collaborating with Hybrid Solutions - a leading platform provider for Middle Eastern and Asian-based clients,” said Lars Holst, GCEXs Founder and CEO.
“This move will give VertexFX clients more options and direct access to institutional liquidity from some of the world's most respected banks and liquidity providers, which is always a positive for the traders managing their assets. We look forward to an exciting period of collaboration with Hybrid Solutions.”
A Major Liquidity Provider
Headquartered in London, GCEX is bridging the gap between institutional investors and cryptocurrency. Its services particularly target four areas: counterparty risk, transparency, custody and technology integration.
The company received $4 million in funding earlier this year and is using the proceeds in expansion. It opened a new office in Malaysia recently after establishing an office in Copenhagen in September 2021. Apart from its London headquarters, it also has an officer in Scotland.
“We are pleased with this collaboration, and we are positive that this partnership will add mutual value to our businesses,” said the CEO of Hybrid Solutions, Akram Majed.
“GCEX is one of the well-established names in the business, especially in the liquidity field. We are hoping that this collaboration will open up a new customer base for their business.”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The US stock index futures had a solid start to the week, suggesting that the market's perception of risk has changed. The preliminary April Consumer Confidence numbers will be released by the European Commission on Monday, along with a speech by the president of the European Central Bank (ECB). No significant data releases on the US economic docket are scheduled.
Many businesses have either had financial difficulties in the last year or have completely stopped operating. Among other things, shortages and several forex-related losses have been the main reasons of these occurrences. Many manufacturing company’s losses up to trillions of Naira as a result of the currency's depreciation.
The Australian Securities and Investments Commission (ASIC) has flagged a concerning trend in financial fraud, cautioning investors about a sophisticated scam targeting bonds and term deposits.
Interactive Brokers expands its product suite with Daily Options on the CAC 40 index, providing investors with more tools for short-term trading strategies.