Advanced Markets, a provider of FX liquidity and prime-of-prime services, has launched in the UK as an FCA regulated company.
The new entity, Advanced Markets (UK), includes new trading servers in Equinix’s LD4 and LD5 data centres, as well as a new London office headed by Nina Baksh.
“The launch of our comprehensive London operation is an important step in the company’s global strategy,” says Anthony Brocco, founder and CEO. “It enables us to better serve our institutional broker and fund manager clients in the UK and Europe, by providing a regional matching engine, which is fully cross–connected with our bank and non-bank liquidity providers.”
Under the terms of its FCA registration, AM (UK) may act only as a matched principal broker, meaning it is required to match every client trade with an offsetting transaction with a liquidity provider. The firm says that this model limits its market risk and “aligns the firm’s interests with those of its clients”.
AM (UK) is further limited to dealing with qualified professional counterparties only, matching the company’s global policy.