BidX Markets, an FCA-regulated multi-asset liquidity provider, publicly launched its services on Thursday, the company announced.
“We are very excited to announce the official launch of BidX Markets,” said the BidX Markets CEO, Simon Blackledge. The launch came after the company obtained its FCA license earlier this year.
Offerings of the platform include market-neutral and tailored solutions connecting brokers, asset managers and funds to Tier 1 liquidity, connectivity and distribution services. Additionally, the company stressed the growing customized liquidity needs behind the launch of its services.
It promises tight spreads and low commissions for brokers offering services with the STP model.
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“BidX has created an industry-leading Tier 1 liquidity product which we can tailor to any client’s specific requirements, whilst also providing a range of innovative solutions for all market segments including brokers, asset managers, and funds,” Blackledge added.
The newly launched company has partnered with Your Bourse, Tools for Brokers, Solid, FXCubic and Gold-i for liquidity distribution, while Beeks Financial Cloud, UltraFX VPS and Liquidity Connect handle connectivity needs. Moreover, the company has onboarded a ‘roster of broker clients’ prior to its public launch.
In addition, the liquidity provider was founded by Blackledge, who is a veteran in the financial services industry, along with other former executives from Barclays Capital, LMAX and BNP Paribas. Furthermore, Blackledge is known for launching iTexSys, a technology provider in the brokerage industry.
The CEO said: “Our experienced team leverages their knowledge and expertise, to provide an unparalleled customer service, and we look forward to becoming the liquidity solutions hub for all client types.”