22 October 2024 – GCEX (GCEX Group), a leading provider of digital asset and foreign exchange solutions, is proud to announce the release of two new price feeds specifically designed for brokers who aggregate: XplorSkew and XplorSkewPlus. These innovative feeds focus on enhancing spreads and optimising performance for aggregating brokers in the FX and precious metals markets.
GCEX’s market-leading commercial team has engineered the new price feeds to address key challenges brokers face in the current liquidity environment. Skewing plays a critical role in maximising the benefits of aggregation by compressing post-aggregation spreads to increase competitiveness and profitability. XplorSkew and XplorSkewPlus have been designed specifically to promote skews, offering brokers a distinct advantage.
“Aggregation allows brokers to take advantage of price skews, which lead to tighter spreads and greater value,” said 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.”
As liquidity providers grow more cautious of the risks associated with alpha leakage — signalling their positioning to the market — they have become increasingly reluctant to show skews. This makes GCEX’s latest offering particularly timely, providing brokers with an edge at a time when much of the market is moving in the opposite direction.
XplorSkew and XplorSkewPlus offer aggregating brokers the ability to access better pricing dynamics, positioning GCEX as a leader in the competitive 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.
GCEX’s commitment to continuous innovation ensures its clients remain competitive in a challenging and evolving market landscape.
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. XplorDigital features innovative plug-and-play solutions, ‘Crypto in a Box’ and ‘Broker in a Box’ which encompass technology-agnostic platforms addressing regulation while covering regulated custody solutions, staking solutions, safety of funds, tier 1 and deep liquidity, connectivity to the biggest price makers, advanced risk management, and innovative technology partnerships.
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.