Axi Launches AxiPrime Institutional Liquidity Service
Online trading company Axi rolled out a new institutional liquidity service called AxiPrime today (Wednesday), while also announcing a partnership with technology provider Your Bourse to support the platform's expansion.
Axi Unveils AxiPrime Liquidity Service
The Sydney-based firm says AxiPrime will serve professional trading firms by providing access to multiple asset classes including Forex, metals, equities, cryptocurrencies and commodities through a single platform.
Axi built the service around high-frequency trading capabilities, with the infrastructure able to handle up to 500,000 order events per second on a single CPU while executing trades in two microseconds, according to the company.Louis Cooper, Axi's Chief Commercial Officer
“Built for scale, the infrastructure behind AxiPrime is designed for institutional-grade speed, processing up to 500,000 order events per second on a single CPU, delivering execution in just two microseconds,” said Louis Cooper, Axi's Chief Commercial Officer.
It is worth noting that Axi previously operated a branch under the same brand name: AxiPrime functioned as a prime brokerage offering but was eventually shut down. Now, the name will be used by a liquidity provider.
Related: Axi UK Profit Jumps 90% to $4 Million in 2024 on Higher Trading Volume
Your Bourse Partnership
The move comes two months after Axi first announced its partnership with Your Bourse to integrate low-latency technology.
The platform offers institutional clients unified price feeds and a single API connection, along with optional FIX and REST endpoints for multi-asset trading. Cooper said the system aims to meet the performance requirements of high-frequency trading operations, algorithmic strategies and institutional trading desks.
Axi's partnership with Your Bourse will help expand the AxiPrime platform's reach. Cooper described the collaboration as reflecting both companies' focus on client experience through technology tools.
“Our collaboration with Your Bourse reflects our shared commitment to enhancing client experience with powerful tools and technology,” Cooper said. “Axi's mission has always been to give our traders and partners a competitive edge—AxiPrime and our partnership with Your Bourse is a natural evolution of that goal.”
The company says AxiPrime provides transparent pricing, execution services and technical support for institutional clients. Cooper hinted at additional product developments ahead, saying “there's more innovation on the way.”
The importance of latency for brokers and trading platforms is further highlighted by a case described by FinanceMagnates.com: Ark Trader increased its trading volumes by 75% and cut transaction delays in half after switching its infrastructure provider.