The XCore system stands as an FX hosting and bridge aggregation solution provider. Now, however, the system has integrated itself with the Autex Trade Route (ATR) of Refinitiv, which is a major FIX-based order-routing network. This was announced on Monday by PrimeXM, the provider of XCore.
New Features For XCore
What this means for XCore’s community of brokers, is they will be capable of directly accessing and trading with over 600 institutional brokers. This will cover a very wide array of cash equity products, including that of exchange-traded funds (ETFs), stocks, exchange-traded commodities (ETCs), and exchange-traded notes (ETNs).
Brokers of the sell-side within the ATR network are now capable of offering their services to the Retail XCore Community of Brokers, as well, making everyone happy in this new partnership.
Increasing Flagship Services
Alongside this, PrimeXM has highlighted that this new integration will allow for a comprehensive, real-time view to the buy-side firms across all transactions being executed across multiple brokers. This will include features such as proprietary analytics, risk management, reporting, and monitoring functionalities, as well.
XCore, on its own, offers a low-latency pricing and order routing engine, which allows for institutions to connect to a large array of liquidity providers. This stands as the flagship product of PrimeXM, as well.
XCore, excluding the new ATR integration, also provides market data access to exchanges across the globe. It does so through CBOE, ICE data services, Refinitiv Elektron, as well as other market data vendors.
Expanding Ever Onward
PrimeXM was founded back in 2010, with a primary business focus on providing low-latency connectivity, aggregation software, high-end MT4/MT5 bridging, hosting solutions, as well as white labels. The tech company is based in Switzerland, and offers a MetaTrader 5 Gateway low-latency connectivity. It provides this offering to more than 120 CFD and forex liquidity providers, as well.
It was earlier this year when PrimeXM incorporated an IP whitelisting feature to XCore Connectors, which allowed brokers to update their selected IPs of existing connectors without the need to contact the support team of PrimeXM.
Furthermore, XCore had been installed within PrimeXM’s infrastructure that itself is built within Equinix data centers. This allows for the efficient management of the brokerage business as a whole, doing so in a centralized environment.
With these new features in tow, it will be interesting the see the growth of XCore in the future. As it stands now, it’s certainly going to get a new influx of customers.