Invast Global has partnered with Lucid Markets, adding the world’s first non-bank FX market maker to its PurePrime platform which now offers over 20 unique FX and metals liquidity providers.
The suite of non-bank market-makers Invast Global has assembled within the PurePrime facility includes Citadel Securities, XTX Markets and Virtu Financial.
It allows clients without direct Tier 1 PB relationships to access the liquidity provided by non-bank market-making giants.
Offering a tailored solution for institutional clients, brokerages, hedge funds and sophisticated traders, PurePrime offers access to disclosed bank, non-bank and ECN liquidity via multiple trading GUIs or API, all backed by 3 Tier 1 Prime Brokers.
In 2009, Lucid Markets established itself as the world’s first alternative FX liquidity provider, offering an SLA equivalent to top tier banks. Clients of the Invast Global multi-asset prime services facility, PurePrime, will now have access to unique proprietary FX pricing from the renowned market making firm.
Lucid Markets is a discrete, specialised quantitative-driven FX market maker. Formed by the former heads of FX algorithmic trading at Deutsche Bank and Goldman Sachs, Lucid Markets streams unique prices uncorrelated to bank or other liquidity sources. As Lucid Markets is a genuine creator of liquidity and warehouser of risk, client orders are executed with minimal market impact.
Paul Lonsdale, partner at Lucid Markets, says: “Lucid Markets is honoured to be chosen by Invast Global to help support their already award winning prime services facility.”
