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January 8, 2024 - Finalto Asia has entered into a strategic partnership with PrimeXM, with the goal of enhancing liquidity solutions within Singapore and the broader Asia-Pacific (APAC) region.
The partnership is set to advance liquidity and trading capabilities, specifically targeting the Singapore market out of the Equinix SG1 data center. The joint effort acknowledges the complexity of the financial sector and is designed to make a substantial contribution to the evolution of financial markets in APAC. It promises to deliver a fortified, efficient, and diversified trading environment in response to the sector's evolving needs.
The alliance between Finalto Asia and PrimeXM is expected to offer improved access to liquidity, state-of-the-art trading technologies, and a wider selection of financial instruments. This initiative is intended to support the financial markets in Singapore by enhancing trading infrastructure and capabilities.
Clive Diethelm, Founder of PrimeXM, remarked on the importance of the partnership, “Finalto Asia's collaboration with PrimeXM, leveraging our XCore technology at the Equinix SG1 data center, marks a significant milestone for our growth in the APAC region. This initiative underscores our commitment to delivering sophisticated and efficient trading technology solutions, enhancing our service offering in Singapore's dynamic financial market.”
Similarly, Alex MacKinnon, Regional CEO of Finalto Asia, highlighted the strategic nature of the alliance, "This collaboration with PrimeXM is a strategic milestone for Finalto Asia. By combining our strengths, we aim to deliver unparalleled liquidity solutions and advanced trading technologies to the financial community in Singapore and the region."
The collaboration is set to enable Finalto Asia and PrimeXM to integrate and aggregate liquidity from diverse sources, potentially leading to more competitive pricing for market participants and a more active trading environment. The incorporation of PrimeXM's advanced technological solutions with Finalto Asia's financial expertise is anticipated to usher in a new standard of trading efficiency, characterised by rapid trade execution, minimal latency, and an improved trading experience overall. The introduction of new technologies will also provide access to an extended range of financial instruments, meeting the varied requirements of institutional clients, brokers, and traders in the Singaporean market and offering a complete portfolio of options for market participants.
