XCore system, an FX bridge aggregation and hosting solutions provider, has integrated with Refinitiv Autex Trade Route (ATR), a major FIX-based order-routing network, the company announced on Monday.
This will enable the XCore community of brokers to directly access and trade with more than 600 institutional execution brokers, thus covering a major part of the cash equity products including stocks, exchange-traded funds (ETFs), exchange-traded notes (ETNs), and exchange-traded commodities (ETCs).
The sell-side brokers on the ATR network can offer their services to the Retail XCore Community of Brokers.
Furthermore, PrimeXM highlighted that the recent integration will also provide a comprehensive real-time view to buy-side firms of all transactions executed across multiple brokers with proprietary risk management, analytics, monitoring, and reporting functionalities.
XCore offers a low latency order routing and pricing engine, giving the institutions the opportunity to connect to a wide range of liquidity providers and is PrimeXM’s flagship product.
Apart from the recently integrated ATR, XCore also provides market data access to exchanges all over the world through Refinitiv Elektron, CBOE, ICE data services, and other market data vendors.
Updating offerings to the XCore community
Founded in 2010, PrimeXM’s key business focus is providing aggregation software, low-latency connectivity, hosting solutions, and high-end MT4/MT5 bridging and white labels. The Swiss-based technology company also offers a MetaTrader 5 Gateway low-latency connectivity to over 120 providers of forex and CFD liquidity.
Earlier this year, PrimeXM also added an IP whitelisting feature for XCore Connectors, enabling brokers to update their selected IPs of existing connectors without the help of the PrimeXM support team.
Additionally, XCore is installed in PrimeXM’s infrastructure in Equinix data centers, allowing for the efficient management of the entire brokerage business in a centralized environment.
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