Bullish Exchange joins Gold-i’s MatrixNET
Wed July 10 2024
Bullish and Gold-i have teamed up to provide seamless access to Bullish exchange’s unique liquidity and best execution in crypto’s biggest assets via Gold-i’s advanced aggregation, liquidity management, and distribution platform, MatrixNET.
Gold-i helps brokers, funds, and crypto institutions to access aggregated pricing, deep liquidity pools, and minimal latency across a diverse set of over 30 venues.
The UK-headquartered fintech company that specializes in multi-asset liquidity management, MetaTrader tools, and risk reporting. Its MatrixNET platform provides a distribution channel of multi-asset class liquidity for a global network of brokers, prime brokers and hedge funds. Members are able to deliver their liquidity to other end-customers through Gold-i’s Matrix, as well as manage their trading book and customize their liquidity through different management tools.
Near-zero spreads across spot, margin, and perpetual futures
By integrating Bullish exchange into its MatrixNET platform, Gold-i further strengthens its network with a top-tier exchange that customers can leverage to trade digital assets with near-zero spreads across spot, margin, and perpetual futures.
Tom Farley, Chief Executive Officer at Bullish, said: “Our shared goal of helping customers access tight spreads, deep liquidity, and low latency execution makes Bullish’s integration with Gold-i a natural fit. We are delighted to join Gold-i’s network as a trusted trading partner and to create a streamlined pathway for institutions to access Bullish’s capital-efficient product suite.”
Tom Higgins, Gold-i CEO, commented: “The institutional crypto space is a highly complex arena. Partnering with Bullish, a professional and entrepreneurial top-tier institutional exchange aimed solely at this market, presents a great opportunity for Gold-i and our clients.”
Bullish executes over $1.6 billion in ADV
Ever since launching in November 2021, Bullish Exchange surpassed over $640 billion in total trading volume. In 2024, the venue reportedly executes over $1.6 billion in average daily volume – consistently ranking in the top five exchanges by spot volume for Bitcoin and Ether.
Bullish leverages its proprietary automated market-making (AMM) technology to offer best execution trading, deep liquidity, and tight spreads in the largest digital asset pairs in crypto. The digital asset exchange is regulated by the Gibraltar Financial Services Commission (GFSC) and is audited by Deloitte.
Gold-i welcomed crypto ECN Cypator to MatrixNET
Last week, Gold-i onboarded Cypator into its MatrixNET platform to improve access to crypto liquidity for retail brokers.
Cypator is a trading electronic communication network (ECN) that leverages Amazon Web Services cloud technology. The ECN uses a low-latency smart order router for optimal execution and embedding liquidity monitoring to ensure fair play on the platform.
Spot trading is available on a non-disclosed basis. The ECN supports various execution workflows for spot trading, with Cypator planning to expand into other product types in the future.
Cypator offers a broad OTC network for optimized liquidity and execution in a secure environment, using a smart order router comparable to traditional ECN platforms in the FX market. The integration with Gold-i’s platform provides increased market depth and liquidity, more competitive pricing, and fast, reliable access to crypto assets.
Gold-i helps MetaTrader brokers implement commission-based model
Gold-i recently expanded its product offerings with the introduction of a Swap Free plug-in for MT4 and MT5. Released in response to client demand, this plug-in allows brokers to provide trading accounts without interest payments.
The Swap Free plug-in prevents the creation of swaps on open positions, enabling brokers to implement a commission-based model instead. Brokers can choose from multiple methods to calculate the commission charge, offering flexibility and control. The plug-in is competitively priced and is available on a fixed fee basis.
Gold-i, known for developing fast and reliable MT4 and MT5 plug-ins, has a portfolio that includes IB Profit Share, Price Monitor, Margin Caller, Swap Loader, and Balance Monitor. Specializing in Multi-Asset Liquidity Management, MetaTrader tools, and Risk Reporting, Gold-i aims to assist brokers in maximizing profits, reducing risk, and standing out in a competitive market.
A recent move by Gold-i was the partnership with DL Consulting in Q4 2023 to expand its reach in the Cyprus financial market. The partnership will focus on promoting Gold-i’s enhanced liquidity platform, MatrixNET, as well as its MAM and business intelligence tool, Visual Edge.
DL Consulting’s in-depth product knowledge and proximity to Cyprus-based brokers will enable personalized client interactions and tailored technology adoption strategies.
Source: https://financefeeds.com/