B2Prime Announces Partnership With cTrader for Liquidity Options Expansion
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B2Prime, a multi-asset liquidity provider, has announced a collaboration with cTrader to improve its users’ trading experience. Following the partnership, B2Prime’s platforms, PrimeXM and OneZero, will now integrate cTrader. This integration will allow traders to access several connectivity options on one platform.
The Partnership Will Offer A More Effective Trading Experience
Executive Director of B2Prime, Nicholas Chrysochos, commented on the partnership. He stated that several systematic traders, algorithm traders, professional traders, money managers, and hedge funds have indicated interest in accessing the platform’s extensive liquidity tool.
Based on the growing demand, he noted that the platform has selected cTrader to enable clients to access its comprehensive liquidity products across different jurisdictions easily.
A provider of cTrader platform, Spotware Systems, has commended the partnership as it can develop a liquidity provision network. The firm stated that the partnership will offer competitive pricing with a more effective trading experience. With B2Prime, users can access multi-currency margin accounts for institutional and individual clients.
“We are excited to develop our liquidity provision network continuously, Chief Executive Officer of Software Systems, Ilia Iarovitcyn, stated. The move will improve the firm’s trading system and expand its offerings. He noted that the platform’s B2Prime’s strategic growth and the firm’s cutting-edge technology will drive innovation and success for its global clients.
B2Prime Gains License To Expand Its Operations
The partnership follows B2Prime’s recent approval of a security dealer license in Seychelles. The company stated that the new license is part of its overall strategy goal for its global business. It is reportedly the third license the company has received, following licenses granted by Mauritius and Cyprus.
The license comes with several company privileges. It enables B2Prime to engage in several financial activities, including handling client portfolios, managing transactions, and entering agreements for securities.
With the legal framework, B2Prime can operate effectively within global markets under the regulatory watch of Seychelles Financial Services.
In a similar development, B2Prime recently announced its parent company’s recent financial results of B2B Prime Services EU.
According to the report for January and February 2024, the firm realized €28,969,690.98 for its total assets, which is 40.32% higher than the previous figures.
Client assets for trading increased by 47.6% to €26,840,460.11 from the previous year. The company also recorded a shareholder equity surge, which increased by 8% in Q1 2024. Shareholders’ equity grew by 289%, while client assets held for trading surged by 64%.
