UBS to Provide FX Prime Brokerage Services to Advanced Markets
Top Prime of Prime Expands and Reinforces Credit Provision Services
CHARLOTTE, N.C., July 8, 2015 /PRNewswire/ -- Advanced Markets Ltd., a prime of prime broker liquidity provider to retail FX brokers and institutions, announced today that it has added UBS AG as a prime broker. The new arrangement will expand the range of brokers and institutions that can use existing prime broker credit relationships to access Advanced Markets' top-tier bank liquidity.
Advanced Markets' Direct Market Access (STP) platform enables FX market participants to trade on prices streamed by more than 10 leading FX banks in a fully transparent, anonymous market structure. The combination of the firm's STP model and robust low latency trading infrastructure has driven participation from leading brokers, fund managers and other institutions that use FX prime brokerage services to access the foreign exchange market.
"We are pleased to partner with UBS, one of the industry's premier bank prime brokers, to strengthen our market position," said Anthony Brocco, Chairman, Advanced Markets Ltd. "In the post-SNB environment, having the right credit relationships in place is of extraordinary importance. With UBS as a prime broker, we will continue as a true prime of prime service provider with 100% STP model, committed to delivering elite service to our partners."
Advanced Markets began offering UBS as an FX prime broker June 1, 2015.
Qualified clients can also take advantage of Advanced Markets' tri-party custodial accounts at Macquarie Bank offering to further ensure security of their margin deposits.
About Advanced Markets Ltd.
Advanced Markets is a wholesale provider of prime-of-prime liquidity, credit and technology solutions to banks and brokers globally. The firm's products support direct market access (STP) trading in spot FX, precious metals, energy as well as contracts for differences (CFD) across financial and commodity products. It also provides FX, metals and CFD trading and credit solutions and services to fund managers, commodity trading advisors and corporate FX market participants.
Through its wholesale client base, Advanced Markets liquidity ultimately serves more than 40,000 institutional and individual clients in more than 30 countries globally. The firm does not do business with retail traders directly.
The company is privately held. Outside investors include Macquarie Americas Corp Inc., a wholly owned subsidiary of Macquarie Bank and GFI Group Inc.
Advanced Markets Ltd. is licensed (#444649) as an Australian Financial Services Licensee pursuant to section 913B of the Corporations Act 2001.
For more information, please visit the company's Web site at www.advancedmarketsfx.com
Media Contact:
Natallia Hunik
Global Head of Sales
+1 704 544 9446
[email protected]
SOURCE Advanced Markets Ltd.
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