ICM Publicizes Integration with PrimeXM’s Xcore Technology

Online retail and institutional brokerage ICM has announced that the company entered into a partnership deal with PrimeXM. The firm has tapped the services of the technology provider earlier this year.
ICM is now using Xcore to connect to more than 120 firms which are using the service as a liquidity aggregator. The brokerage company is aiming to extend its reach towards the individual clients and institutions that are looking for fast trading speed and ultra-low latency order routing.
The new partnership also provides the broker with access to its customers in a system that is sending real-time and post-trade reports to retail brokers.
“This new partnership will help Xcore to expand its liquidity distribution, whereas ICM will use this opportunity to provide first class trading experience to its new and existing clients,” the company said in a statement.
The Founder of ICM, Shoaib Abedi, says that that the broker is aiming to grow liquidity distribution opportunities globally.
“Our new forged partnership with PrimeXM is very designed to improve access to our CFD and FX liquidity with new and existing ICM clients. We look forward to a long, successful relationship,” Abedi adds.
Technology Providers Competition in Australia
The growing market in Australia is becoming more and more competitive. The growing trading volumes in the area have prompted more companies to head over to the land down under and look for new clients.
The leading market players in the industry have already set up presence in the region. Most recently and both set up regional presence.
The growing appeal of the ASIC-regulated market is presenting opportunities for firms to capture new revenue at an important time. The decline in trading volumes for retail brokers following the new EU regulatory regime earlier this year prompted a rush into geographical expansion.
The lucrative brokerage licenses in Australia have gotten quite expensive in recent months as demand for high leverage trading among traders increased in the aftermath of ESMA’s new regulations.