Online
trading company Axi rolled out a new institutional liquidity service called
AxiPrime today (Wednesday), while also announcing a partnership with technology
provider Your Bourse to support the platform’s expansion.
Axi Unveils AxiPrime
Liquidity Service
The
Sydney-based firm says AxiPrime will serve professional trading firms by
providing access to multiple asset classes including Forex, metals, equities,
cryptocurrencies and commodities through a single platform.
Axi built
the service around high-frequency trading capabilities, with the infrastructure
able to handle up to 500,000 order events per second on a single CPU while
executing trades in two microseconds, according to the company.
“Built
for scale, the infrastructure behind AxiPrime is designed for
institutional-grade speed, processing up to 500,000 order events per second on
a single CPU, delivering execution in just two microseconds,” said Louis
Cooper, Axi’s Chief Commercial Officer.
It is worth
noting that Axi previously operated a branch under the same brand name: AxiPrime
functioned as a prime brokerage offering but was eventually shut down. Now,
the name will be used by a liquidity provider.
Your Bourse Partnership
The move comes two months after Axi first announced its partnership with Your Bourse to integrate low-latency technology.
The
platform offers institutional clients unified price feeds and a single API
connection, along with optional FIX and REST endpoints for multi-asset trading.
Cooper said the system aims to meet the performance requirements of
high-frequency trading operations, algorithmic strategies and institutional
trading desks.
Axi’s
partnership with Your Bourse will help expand the AxiPrime platform’s reach.
Cooper described the collaboration as reflecting both companies’ focus on
client experience through technology tools.
“Our
collaboration with Your Bourse reflects our shared commitment to enhancing
client experience with powerful tools and technology,” Cooper said.
“Axi’s mission has always been to give our traders and partners a
competitive edge – AxiPrime and our partnership with Your Bourse is a natural
evolution of that goal.”
The company
says AxiPrime provides transparent pricing, execution services and technical
support for institutional clients. Cooper hinted at additional product
developments ahead, saying “there’s more innovation on the way.”
The
importance of latency for brokers and trading platforms is further highlighted
by a case described by FinanceMagnates.com: Ark
Trader increased its trading volumes by 75% and cut transaction delays in half
after switching its infrastructure provider.
Online
trading company Axi rolled out a new institutional liquidity service called
AxiPrime today (Wednesday), while also announcing a partnership with technology
provider Your Bourse to support the platform’s expansion.
Axi Unveils AxiPrime
Liquidity Service
The
Sydney-based firm says AxiPrime will serve professional trading firms by
providing access to multiple asset classes including Forex, metals, equities,
cryptocurrencies and commodities through a single platform.
Axi built
the service around high-frequency trading capabilities, with the infrastructure
able to handle up to 500,000 order events per second on a single CPU while
executing trades in two microseconds, according to the company.
“Built
for scale, the infrastructure behind AxiPrime is designed for
institutional-grade speed, processing up to 500,000 order events per second on
a single CPU, delivering execution in just two microseconds,” said Louis
Cooper, Axi’s Chief Commercial Officer.
It is worth
noting that Axi previously operated a branch under the same brand name: AxiPrime
functioned as a prime brokerage offering but was eventually shut down. Now,
the name will be used by a liquidity provider.
Your Bourse Partnership
The move comes two months after Axi first announced its partnership with Your Bourse to integrate low-latency technology.
The
platform offers institutional clients unified price feeds and a single API
connection, along with optional FIX and REST endpoints for multi-asset trading.
Cooper said the system aims to meet the performance requirements of
high-frequency trading operations, algorithmic strategies and institutional
trading desks.
Axi’s
partnership with Your Bourse will help expand the AxiPrime platform’s reach.
Cooper described the collaboration as reflecting both companies’ focus on
client experience through technology tools.
“Our
collaboration with Your Bourse reflects our shared commitment to enhancing
client experience with powerful tools and technology,” Cooper said.
“Axi’s mission has always been to give our traders and partners a
competitive edge – AxiPrime and our partnership with Your Bourse is a natural
evolution of that goal.”
The company
says AxiPrime provides transparent pricing, execution services and technical
support for institutional clients. Cooper hinted at additional product
developments ahead, saying “there’s more innovation on the way.”
The
importance of latency for brokers and trading platforms is further highlighted
by a case described by FinanceMagnates.com: Ark
Trader increased its trading volumes by 75% and cut transaction delays in half
after switching its infrastructure provider.
This post is originally published on FINANCEMAGNATES.
