B2Prime partners with cTrader to expand liquidity options
B2Prime has partnered with cTrader to add the cTrader option to its existing platform, providing traders with more connectivity options.
Liquidity provider B2Prime collaborates with cTrader to enhance users' trading experience with increased liquidity options. B2Prime's existing platforms, including OneZero and PrimeXM, now incorporate cTrader, enabling traders to access a variety of connectivity options.
Addressing Growing Demand
Nicholas Chrysochos, Managing Director of B2Prime, stated, "We've seen significant interest from hedge funds, fund managers, professional traders, algorithmic traders, system traders, and high-net-worth individuals in our extensive liquidity pool. Therefore, we chose cTrader as a platform to allow these clients to access our customized liquidity products across jurisdictions."
Spotware Systems, the provider of the cTrader platform, praised the significance of this collaboration in expanding the liquidity supply network, emphasizing its importance in providing competitive pricing and trading experiences.
Ilia Iarovitcyn, CEO of Spotware Systems, commented, "We're thrilled to continue expanding our liquidity supply network, broadening the range of assets available and enhancing the reliability of the trading environment. The collaboration with B2Prime helps us provide competitive pricing and exceptional trading experiences for our end-users. With our cutting-edge technology and B2Prime's strategic growth, we're confident in driving innovation and success for our global clientele."
Global Expansion Strategy
In April of this year, B2Prime obtained a securities broker license in Seychelles, as part of its global expansion strategy, marking its third license acquisition following Cyprus and Mauritius.
This securities broker license allows B2Prime to engage in crucial financial activities such as negotiating and concluding securities agreements, managing trades, and representing clients in handling investment portfolios. Under the regulation of the Seychelles Financial Services Authority (FSA), this legal framework ensures B2Prime's efficient operation in global markets.
Strong Financial Performance
Meanwhile, B2Prime recently disclosed the financial performance of its parent company, B2B Prime Services EU, for January and February 2024. The results show a 40.32% growth in total assets, reaching €28,969,690.98; client-held trading assets increased to €26,840,460.11, a 47.6% increase from the previous year.
Additionally, shareholder equity grew by 8% in the first quarter of 2024, total assets increased by 68%, client-held trading assets rose by 64%, and shareholder equity expanded by 289%.
Through the collaboration with cTrader, B2Prime not only meets the growing demands of its customers but also demonstrates its market leadership in global expansion strategy and strong financial performance. This partnership undoubtedly enhances the trading experience for customers and drives further development of the company in global markets.
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