GCEX (GCEX Group), a provider of digital asset and foreign exchange solutions, has partnered with market operator RULEMATCH to provide institutional clients with access to one of the world’s fastest trading venues for cryptocurrencies.
The combination of ultra-low latency trading and integrated post-trade clearing and settlement with netting offers a significant advantage to hedge funds and active trading firms in GCEX’s network.
RULEMATCH is a spot crypto trading venue based in Switzerland, built on institutional grade technology. In addition to unparalleled execution speeds, it offers access to competitive and consistent liquidity from regulated market makers, capital efficient post-trade settlement, and stringent AML/CFT controls.
This latest development from GCEX enables its client base of hedge funds, algorithmic trading firms, brokers and ETF/ETP providers to benefit from binding quotes in an anonymous Central-Limit Order Book (CLOB) and execution times of 25 microseconds. To ensure capital efficiency and minimise settlement risks, multilateral clearing and settlement are fully integrated and handled via GCEX acting as Prime Broker Sponsor.
RULEMATCH acts exclusively as a market operator that brings together the buying and selling interest of its participants followed by clearing and settlement amongst them. It is never a market maker, broker or counterparty in trading or settlement. Liquidity on the venue is guaranteed by regulated, designated market makers.
RULEMATCH leverages Nasdaq’s pre-trade risk, trading, and market surveillance technology.
GCEX Group empowers institutional and professional clients to access deep liquidity in CFDs on digital assets and FX, alongside spot trading and conversion of digital assets. The company also offers a comprehensive range of Forex brokerage and crypto-native technology solutions under its XplorDigital suite.
Headquartered in London, with multiple offices across the globe, GCEX is regulated by the UK’s FCA, registered with the Danish FSA as a VASP and currency exchange and has been granted a Virtual Asset Service Provider license by the Dubai Virtual Assets Regulatory Authority. True Global Ventures are investors in GCEX.
$2bn tech-focused hedge fund SoMa Equity Partners to shutter
San Francisco-based hedge fund SoMa Equity Partners is winding down after returning capital to investors, bringing the curtain down on a…
More
Arcana hires former Goldman Sachs exec to Lead EMEA expansion
Portfolio intelligence provider Arcana has appointed former Goldman Sachs executive Rhys Williams as head of EMEA, as the technology firm…
More
ExodusPoint adds Pictet trader to London equities team
Multi-strategy hedge fund major ExodusPoint Capital Management has strengthened its London equities operation with the appointment of Jade…
More