XCore New Feature Release
New Synthetic Pricing Feature Released on the XCore Portal
In response to popular demands from our clients, we are excited to announce the release of a new XCore feature – Synthetic Pricing. This new feature has been released in the latest XCore Portal version 2.47.
The new Synthetic Pricing feature provides brokers the flexibility to offer unique trading products to their clients, at the same time increasing a broker’s product range. Through the Synthetic Symbol Editor Wizard, XCore owners can easily create distinctive symbols by converting or combining existing symbols on your XCore.
For instance, a new gold symbol priced per kilogram can be created by applying a multiplier to the most traded symbol XAUUSD which is priced per troy ounce traditionally. Or combining any two existing symbols to create a third symbol, for example, XTIBTC is created by combining XTIUSD and BTCUSD.
In addition, composite indexes can be produced by grouping up to four different symbols to track the performance of a certain market or sector. Brokers now can offer thematic indices such as crypto index tracking major or minor crypto currencies; High Tech index tracking next-gen tech company stocks or medical cannabis index tracking performance of top medical marijuana shares.
A dedicated pricing only Connector and Provider are required to be set up on your XCore prior to adding the Synthetic symbols. It is important to note that currently the trading flow on these customized synthetic symbols can be internalized within the XCore, additional functions of hedging these trades with the liquidity providers will be added soon.
Interested to learn more?
Please check out the video tutorials on our Help Center and contact your Account Managers at accountmanagers@primexm.com for the pricing of this new feature.
Your feedback and input are important to our continuous product development and services enhancement. We look forward to hearing from you any suggestions and requirements on the XCore that you can send directly to PrimeXM management on feedback@primexm.com
Any questions?
Feel free to get in touch with us via our XCore Chat module, Slack, or drop us an email to the Account Managers team: AccountManagers@primexm.com or our Support Team Support@primexm.com.
