Highlights:
- GCEX partners with RULEMATCH to provide institutional clients ultra-fast crypto trading at 25 microsecond execution times.
- The partnership provides Prime Broker Sponsor access through GCEX to an anonymous CLOB with firm quotes and multilateral clearing.
- NASDAQ’s technology powers RULEMATCH, which acts as a market operator with liquidity from regulated market makers.
GCEX has partnered with RULEMATCH to provide institutional clients access to one of the world’s quickest cryptocurrency trading venues. The collaboration seeks to provide ultra-low latency trading, with execution speeds as fast as 25 microseconds. This development benefits hedge funds, algorithmic trading organizations, brokers, and ETF/ETP providers on the GCEX network.
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GCEX Partners with RULEMATCH to Offer #Crypto Trading Access for Institutional Clients – Finance Magnates: GCEX Partners with RULEMATCH to Offer #Crypto Trading Access for Institutional Clients Finance Magnates https://t.co/NNCaDJkywu
— Stock Market News (@Stock_Market_Pr) October 30, 2024
Partnership Offers Ultra‐Fast Trading for Institutions
The Switzerland-based spot crypto trading venue RULEMATCH is built on institutional-grade technology. It offers an anonymous Central Limit Order Book (CLOB) with binding quotes, providing consistent liquidity from regulated market makers. It also provides capital-efficient post-trade settlement and complies with rigorous anti-money-laundering (AML) and counter-terrorism funding controls.
GCEX also uses RULEMATCH to enhance capital efficiency and reduce settlement risk for its clients. GCEX acts as a prime broker sponsor and provides Independent & fully integrated multilateral clearing and settlement services. These roles allows GCEX offer institutional participants effective trading and post trade functionality.
GCEX CEO Lars Holst commented on the partnership, saying,
”We’re always striving to break barriers and provide more. Working with RULEMATCH is a great opportunity for our clients. They provide ultra low latency trading of cryptocurrencies with competitive fees with their state of art technology. “The commitment to market integrity and professionalism unite us.”
RULEMATCH’s Technology and Services
Nasdaq provides technology for pre-trade risk management, trading, and market surveillance, utilized by RULEMATCH. The platform acts solely as a market operator, linking buyers’ and sellers’ interests without being a market maker, broker, or counterparty to their transactions or settlement. They are regulated, designated market makers who guarantee liquidity.
The platform’s infrastructure keeps fiat funds in fiduciary accounts with a state-guaranteed, AA+-rated Swiss bank. Fully segregated wallets manage cryptocurrencies. Except for financial institutions in the United States, the RULEMATCH network is open in countries where banks and securities firms are allowed to operate.
Through this partnership, GCEX clients gain fast execution times, binding quotes in an anonymous trading environment and streamlined post-trade processes. GCEX acts as a Prime Broker Sponsor to allow integrated multilateral clearing and settlement to reduce settlement risk and capital efficiency. David Riegelnig, RULEMATCH’s CEO, highlighted the synergy between the two companies.
He noted:
“Many active trading firms in the FX market see sizable cryptocurrency opportunity based on similar market structures. RULEMATCH offers our ultra-fast trading venue to GCEX and multilateral clearing and settlement capabilities. This allows the application of FX market strategies on crypto assets, including stablecoins.”
GCEX’s Expanding Offering and Regulatory Compliance
The UK’s Financial Conduct Authority (FCA) regulates GCEX, headquartered in London. GCEX also holds registration as a Virtual Asset Service Provider (VASP) and currency exchange by the Danish Financial Supervisory Authority (FSA). In addition, GCEX holds a VASP licensed by the Dubai Virtual Assets Regulatory Authority.
Recently, GCEX introduced two new price feeds, XplorSkew and XplorSkewPlus. These feeds enhance spreads and performance for brokers in the FX and precious metals market brokers. They address challenges in the current liquidity environment by improving post-aggregation spreads, increasing brokers’ competitiveness and profitability.
GCEX Launches Price Feeds For Aggregating Brokers In FX And Precious Metals –
GCEX has released two new price feeds specifically designed for brokers who aggregate in the FX and precious metals markets.
XplorSkew and XplorSkewPlus are offered as innovative feeds designed…— The Industry Spread (@industryspread) October 22, 2024
Furthermore, GCEX has introduced an enhanced market data feed covering a wide range of products, including Equity Index CFDs, Energy CFDs, Commodity CFDs, Crypto CFDs, Spot FX, and Bullion. This feed provides clients unrestricted access to real-time market data. Moreover, it allows effective redistribution and boosted flexibility for brokers, funds, and professional traders.
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