To improve institutional access to cryptocurrency trading, GCEX has teamed up with Switzerland-based cryptocurrency exchange RULEMATCH in a significant strategic step. Through this collaboration, binding quotes with lightning-fast execution times of 25 microseconds are introduced within an anonymous order book. Through multilateral clearing and settlement, GCEX hopes to reduce settlement risks and provide increased capital efficiency by serving as a Prime Broker Sponsor.
Presenting Improved Capital Efficiency and Ultra-Low Latency
As a Prime Broker Sponsor in this partnership, GCEX will guarantee its institutional clients’ efficient and seamless use of money. The partnership’s goal is to lessen the risk involved with significant cryptocurrency transactions by means of multilateral clearing and settlement. Many of GCEX’s clients, including hedge funds, brokers, algorithmic trading companies, and ETF/ETP providers, gain from this arrangement.
Increasing Institutional Market Access to Cryptocurrencies
This partnership offers GCEX the chance to advance cryptocurrency accessibility in a market that is expanding quickly. Lars Holst, CEO of GCEX, stated, “We are always looking to push boundaries and expand our offering.” Holst highlighted a common dedication to professionalism and market integrity while praising RULEMATCH’s capabilities. Because RULEMATCH only functions as a market operator and does not act as a broker or counterparty, clients will receive a higher quality of service with fewer conflicts of interest thanks to the partnership’s emphasis on institutional-grade infrastructure.
Rulematch: A Clearinghouse and Settlement Market Operator
One noteworthy aspect of RULEMATCH’s involvement in this collaboration is its emphasis on openness. Without serving as a market maker, broker, or counterparty, it just operates as a market operator, concentrating on offering clearing and settlement services. This strategy upholds GCEX’s objective of providing its customers with an impartial trading environment by guaranteeing that all trading activities are managed apart from RULEMATCH’s own market influence.
Using Knowledge of the FX Market to Trade Cryptocurrencies
RULEMATCH CEO David Riegelnig emphasized the importance of this partnership for GCEX customers, especially those with experience in the FX market. Riegelnig said, “A lot of the most active trading firms in the FX market are also seeing significant opportunities in cryptocurrencies.” These companies benefit from the partnership by being able to apply well-known foreign exchange (FX) tactics to the cryptocurrency market, such as trading in stablecoins and other digital assets.
Recent Changes to GCEX’s Price Feeds and Market Data
This collaboration complements GCEX’s recent efforts to broaden its product portfolio. In order to improve spreads and performance in the FX and precious metal markets, the company recently unveiled two new pricing feeds that are designed for brokers with sophisticated aggregation capabilities. In order to further establish itself as a comprehensive service provider for a range of trading requirements, GCEX has introduced a comprehensive market data feed that covers equity index CFDs, energy CFDs, commodities CFDs, cryptocurrency CFDs, spot FX, and bullion.
