Solid Invests in BidX
Posted by Colin Lambert. Last updated: February 18, 2022
BidX Markets, a retail-orientated liquidity solutions provider, has announced it has received investment from Solid in a step towards building a strategic partnership between both financial institutions.
As part of the partnership, BidX Markets will provide its clients with full access to Solid FX liquidity and technology. In addition to this, the firms say they will offer liquidity management services and detailed breakdown of trading activity and mark outs.
“The decision to welcome new partners was taken to prepare BidX Markets for its next growth phase and help us support our rapidly expanding institutional client base,” says Simon Blackledge, CEO and founder of BidX Markets, which is FCA regulated and launched in late 2021. “As the market becomes increasingly more competitive, it is so important to find an edge which will help enhance our service offering to clients and provide true value. We believe this partnership will allow us to compete at the highest level.”
Diego Baptista, director at Solid, adds, “This strategic partnership and the investment we have made into one of the up-and-coming trading solutions providers will open new opportunities for both firms within the online trading industry.”