Tag: DMA

DMA

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.

Saxo to Offer New Order Type

Saxo Bank will launch a new order driven execution model for FX products and CFDs on commodities and indices in November.
The new order type will allow Saxo to more actively manage the liquidity available to clients and the firm says it is “empowering” its clients, enabling them to take control of their trading. “In addition to offering executable prices, the new order model will include further enhancements to clients’ ability to have greater control and transparency over their orders,” the firm says.