Digital asset and foreign exchange solutions provider GCEX announced Tuesday that it has launched two new price feeds tailored for brokers who aggregate liquidity: XplorSkew and XplorSkewPlus.
GCEX Unveils New Price Feeds for Re-Aggregation
The new feeds are said to focus on enhancing spreads and optimising performance for aggregating brokers in the FX and precious metals markets.
Designed to address the challenges faced by brokers in today’s liquidity environment, the company said that XplorSkew and XplorSkewPlus leverage skewing to maximise the benefits of aggregation.
GCEX explains that by compressing post-aggregation spreads, the feeds enable brokers to offer more competitive pricing and increase profitability.
“Aggregation allows brokers to take advantage of price skews, which lead to tighter spreads and greater value,” commented Jonathan Brewer, Chief Revenue Officer, GCEX. “For instance, a spread that is 4 pips wide but skewed in such a way that either the bid or the offer is at the market mid or better is more valuable to an aggregator than a 10x tighter spread of 0.4 pips with no skew.”
GCEX’s new price feeds come at a crucial time when liquidity providers are becoming increasingly cautious about the risks associated with alpha leakage, signalling their positioning to the market.
By offering brokers the ability to access better pricing dynamics, GCEX expects XplorSkew and XplorSkewPlus to provide a competitive edge in the FX and precious metals markets.
“We are excited to bring this product to market, adding value to our clients at a time when liquidity providers are pulling back on showing skews. These price feeds help brokers compress spreads and optimise their trading strategies,” Lars Holst, CEO & Founder, GCEX added.
