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GCEX has announced the launch of a multi-asset tool designed to help fund managers and professional traders allocate trades more efficiently, accurately, and transparently.
XplorAllocate allows trade allocation across crypto spot, crypto derivatives, forex CFDs, and traditional financial products.
Trade allocation has traditionally been a time-consuming and error-prone process
The provider of digital assets, foreign exchange solutions and trading technology has come forward with the new trade allocation to address what has traditionally been a time-consuming and error-prone process. GCEX’s XplorAllocate addresses this by streamlining trade execution and allocation, which improves accuracy and compliance.
Instead of managing individual client accounts separately, fund managers and professional traders can now execute a single block trade, which is then automatically allocated across their clients based on their proportional share of the total investment pool.
XplorAllocate reduces the time spent on this task without having to use a PAMM, MAM, or similar tools, simplifies workflows and minimizes operational risks.
“Traders need tools that make their lives easier, not more complicated”
Michael Aagaard, Managing Director at GCEX, commented: “Traders need tools that make their lives easier, not more complicated. With GCEX’s XplorAllocate, we’re providing a seamless, automated solution that takes care of the heavy lifting, removing the complexity of manually executing trades for each client, saving time, reducing errors, and ensuring that every allocation adheres to regulatory and investment policy requirements. Whether you’re trading crypto derivatives or traditional financial products, this tool simplifies the allocation process so you can focus on what really matters – executing your strategy.”
According to GCEX, traders using XplorAllocate gain full transparency and a clear audit trail as well as customization allocation logic that provides flexibility and ensures that trades are distributed accurately based on portfolio needs. This meas that users can allocate by percentage or share size and combine multiple orders into custom average prices. Clients can connect via API for easier access.
XplorAllocate enhances GCEX’s solutions for institutional and professional clients
XplorAllocate is part of GCEX’s broader strategy to enhance its institutional-grade XplorDigital solutions for institutional and professional clients. XplorDigital features innovative plug-and-play solutions, ‘Crypto in a Box’ and ‘Broker in a Box’.
These encompass technology-agnostic platforms addressing regulation while covering custody solutions, staking solutions, safety of funds, tier 1 and deep liquidity, connectivity to the biggest price makers, advanced risk management and innovative technology partnerships.
GCEX was founded in 2018 and offers regulated digital prime brokerage with a best-of-breed digital asset and FX platform for institutional and professional clients, featuring partnerships with Tier 1 trusted Liquidity Providers, counterparties and digital custody asset institutions.
The digital prime broker is headquartered in London and is regulated by the UK’s FCA, registered with the Danish FSA as a VASP and currency exchange, and has been granted a Virtual Asset Service Provider license by the Dubai Virtual Assets Regulatory Authority.
