Invast Global, the Australian subsidiary of the Japanese forex broker Invast Securities and the non-bank market maker XTX Markets announced a partnership. It offers deeper liquidity for the broker’s clients, via Invast Global’s multi-asset prime services facility, PurePrime.
Thanks to the new partnership, now PurePrime offers disclosed bank, non-bank and ECN liquidity from over 20 unique forex and metals liquidity providers. The optimized forex and CFD liquidity is tailored for institutional clients and is offered via multiple trading GUIs or API, backed by three tier one prime brokers.
Commenting on the partnership, the statement notes that the tie-up between XTX and Invast follows growing global demand for the PurePrime facility.
“The well-documented and undeniably impressive rise of XTX is a prime example of how the FX space is rapidly evolving, with clients seeking non-bank liquidity amidst growing bank-centric regulatory reforms,” said Invast Global CEO Gavin White. “By partnering with the heavyweights of the industry, like XTX, Invast Global is leading the industry in providing access to non-bank liquidity for clients who do not have a Tier 1 Prime Broker. It is a huge advantage for many clients – even some of the large funds and institutions. We are bringing clients the best of both worlds – the best Tier 1 bank liquidity aggregated alongside the best non-bank liquidity. It’s a new era,” he added.
Invast Global is a multi-asset brokerage launched in 2013. It is fully regulated by the Australian Securities and Investment and Commission, and has clients in over 25 countries around the world. It offers trading in forex, CFDs on indices and commodities. Its PurePrime facility offers optimized forex and CFD liquidity to institutional clients.
XTX Markets is a quantitative-driven electronic market-maker partnering with counterparties, exchanges and e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. It boasts daily volumes of USD 75 billion across asset classes.