Tag: Advanced Markets

Advanced Markets

Advanced Markets Adds Standard Chartered as PB

Advanced Markets has signed Standard Chartered Bank as a foreign exchange prime broker. The addition will further extend the range of clients that can use prime brokerage to trade via Advanced Markets’ Direct Market Access (DMA) liquidity infrastructure.
Standard Chartered will provide prime brokerage services to the newly launched FCA-registered Advanced Markets (UK) Limited operation based in London as well as the company’s ASIC-registered operation in Australia. The companies operate as independent entities and will have discrete prime brokerage accounts at the bank.

Advanced Markets Launches in the UK

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.”

FAM Clearing Hires Ribeaucourt

FAM Clearing, a joint venture between Advanced Markets and Fortex, has announced the appointment of Raphael Ribeaucourt as a vice president of institutional sales.

Ribeaucourt joins FAM Clearing from PrimeXM where he spent eight years as a head of business development. Prior to that, he worked at Baxter Financial services, where he held the role of senior sales executive.

In his new role, Ribeaucourt will be responsible for driving the companies’ growth in Europe, and beyond, by leveraging his institutional knowledge of both the financial technology and prime brokerage space.

Spot the Difference: Defining “Prime-of-Prime”

“Prime-of-Prime” has become something of an umbrella term these days, used by many firms operating very different business models. So Profit & Loss asked a number of firms that place themselves in this category exactly what constitutes a “true” prime-of-prime service provider.

Advanced Markets, Fortex Appoint New MD

Advanced Markets (AM) and Fortex have appointed Nidal Hadi as managing director of their Middle East and North Africa (MENA) operations and business development.

AM says it is a wholesale provider of liquidity, technology and credit solutions to banks and brokers, while Fortex is a financial technology company that has developed an ECN trading platform that it says facilitates $12 billion in currency, metals, energy, and CFD trades daily. Both companies are privately held. Hadi joins after spending almost three years with Swissquote, where he most recently held the position of head of institutional sales. Prior to this, he spent six years as head of institutional sales with MIG Bank.