Lars Holst, founder and chief executive, GCEX

Named XplorTrader, the new offering sets a new benchmark for margin-based CFD and foreign exchange platforms, according to GCEX.

The new platform provides enhanced charting functionalities, deposit and withdrawal processes, alongside improved monitoring and management of trading instruments and positions.

In addition, the platform is designed to enable traders to execute trades and analyse markets more effectively.

GCEX stated that it will also incorporate XplorTrader into its white-label package, XplorBroker in a Box.

XplorTrade will offer brokers flexibility in tailoring visual and functional aspects of the platform to meet specific user experience objectives.

“The release of our proprietary margin trading platform has been driven by market demand for advanced yet customisable trading solutions,” said Lars Holst, founder and chief executive of GCEX.

“This development places GCEX at the forefront of trading technology, providing a superior user experience and best-in-class execution solutions for our clients.”

Last month, GCEX became the latest member to join the Crossover Markets venue as part of a new institutional spot cryptocurrency trading partnership.

As part of the deal, GCEX clients gained access to Crossover’s execution-only crypto electronic communication network (ECN), with GCEX providing brokerage and liquidity services on the platform.

“The introduction of an enhanced and flexible margin-trading platform to our technology offering underscores GCEX’s commitment to continuous investment in technology,” said Michael Aagaard, managing director at GCEX.

“Our goal is to maintain our leadership in the market and enrich the trading experience of institutional and professional clients, aligning our technology with their business goals.”

The post GCEX launches new margin trading for institutional and professional traders appeared first on The TRADE.

As part of the deal, GCEX has become the latest venue participant on Crossover’s execution-only crypto electronic communication network (ECN), CROSSx ECN.

GCEX will provide access to its brokerage and liquidity services for spot trading. GCEX clients will gain access to the liquidity pool.

 “With the increasing demand for digital assets, we are delighted to be partnering with Crossover, providing even greater opportunities for our institutional clients to access deep liquidity in digital assets,” said Lars Holst, founder and CEO at GCEX.

Crossover’s ECN platform has seen several developments over the last year. It became the first external venue cleared by Cboe Digital. Hidden Road also became the first clearing partner onboarded to CROSSx, announced in May 2023.

“We are excited to welcome GCEX to the CROSSx ECN as our newest venue participant,” said Anthony Mazzarese, co-founder and chief commercial officer at Crossover Markets.

“Crossover’s focus on speed, throughput and operational efficiency will help GCEX achieve tighter spreads and a lower cost to trade across their client base of institutional and professional investors, and this partnership will further enhance spot crypto liquidity.”

The post GCEX becomes latest member on Crossover Markets venue as part of new institutional spot cryptocurrency trading partnership appeared first on The TRADE.