GCEX Targets Broker Risk with XplorRisk Overhaul

<p>The digital prime brokerage, headed by Lars Holst, has unveiled significant
improvements to its risk management software XplorRisk. GCEX’s newest upgrade
aims to empower brokers with enhanced real-time risk management capabilities, facilitating more informed business decisions. The new features are
designed to offer a comprehensive view of net open positions and to allow
automated rule customization for various trading products.</p><p>GCEX Group
offers an array of services, including deep liquidity in FX and CFDs on digital
assets, spot trading, and conversion of digital assets. The company is
headquartered in London and has a global presence with multiple offices
worldwide. It is regulated by the UK's Financial Conduct Authority (FCA),
registered in Denmark as a Virtual Asset Service Provider (VASP), and has
received a license from the Dubai Virtual Assets Regulatory Authority (VARA).</p><p>GCEX Enhances Risk
Management Product</p><p>The latest
enhancements to XplorRisk provide GCEX's brokerage clients with a more
streamlined approach to monitoring and managing risk. Brokers can now set up
automated rules tailored to specific currencies or trading products, such as FX
spot, metals and cryptos. These rules can be customized based on client
profiles, currency types, or even specific times of the day, offering brokers
full flexibility in risk management.</p><p>XplorRisk
is not just a standalone product. It is an integral part of GCEX's broader
trading ecosystem, integrated with XplorTrader, GCEX's margin-based CFDs and FX
platform. XplorRisk is a component of <a href="https://www.financemagnates.com/forex/gcex-launches-proprietary-trading-platforms-for-crypto-fxcfds/" target="_blank" rel="follow">XplorDigital</a>, GCEX's suite
of crypto-native solutions. XplorDigital encompasses a range of technology-agnostic
platforms, including “Crypto in a Box” and “Broker in a Box”, covering various
aspects like regulation, custody solutions, and liquidity.</p><p>Lars Holst,
the Founder and CEO of <a href="https://www.financemagnates.com/tag/gcex/" target="_blank" rel="follow">GCEX</a>, emphasized that the new features in XplorRisk are
designed to give clients a comprehensive view of their risk exposure. </p><p>“With
XplorRisk, our clients – whether trading FX or digital assets – now have
greater control over risk management, with a complete overview of their
exposure and the ability to set up automated controls to mitigate risk,”
commented Holst.</p><p>Additional FSA License and Yearly Results</p><p>In May,
GCEX secured <a href="https://www.financemagnates.com/institutional-forex/gcex-gains-new-danish-license-to-offer-fx-and-cfds/" target="_blank" rel="follow">additional regulatory permissions</a> from the Danish Financial
Supervisory Authority (FSA) to function as an investment firm. This new authorization
enables the firm to provide rolling Spot FX and CFDs to institutional customers
within the European Union.</p><p>“Obtaining
this FSA license involved an extremely stringent process in which we had to
demonstrate our experience in financial services, the knowledge of our team,
good governance, and our strong focus on investor protection. It now opens the
door for us to market to EU clients, presenting us with a major opportunity for
further growth,” said Holst.</p><p>Before
this development, <a href="https://www.financemagnates.com/institutional-forex/gcex-grows-2022-turnover-by-136-remains-profitable/" target="_blank" rel="follow">GCEX disclosed its 2022 financial results</a>, revealing a surge of 136% in its yearly revenue to £4.5 million. The company also concluded the
year with a net income of £1.5 million.</p>

This article was written by Damian Chmiel at www.financemagnates.com.