ADS Securities Launches Tailored FX Prime Brokerage Offering Across Asia

ADS Securities has developed a customized version of its FX Prime Brokerage solution, which is aiming to cater to the needs of institutional clients in Asia. The offering is tailored to include more local currencies via non-deliverable forwards (NDFs) and with expanded Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and credit lines.

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Starting from today, ADS Securities will deliver to its institutional clients in Asia a prime of prime solution that grants access to over 45 different currencies and precious metals with disclosed liquidity from over 80 venues. According to the announcement of ADS, the company is aiming to grant access to a tailored liquidity pool that permits clients to retain their relationships with existing LPs.

There are more currencies in Asia than in Europe or anywhere else in the world

The clients will be granted access to the liquidity pool with no mark-up on the direct liquidity seen from the chosen dealers, with the operation supported locally in Asia.

Commenting on the announcement, the Executive Managing Director & Global Head of Brokerage of ADS Securities, Marco Baggioli, said: “In just two months our innovative Prime of Prime service has generated enormous interest. Much like Europe, there is a clear need in Asia for credit intermediation services that are a true reflection of a direct prime brokerage relationship, with direct access to liquidity backed by strong capital and credit relationships.”

“There are more currencies in Asia than in Europe or anywhere else in the world, and Asian institutions need to trade in their domestic currencies. Our offering is designed to meet the growing demand for improved access and liquidity to NDF pricing,” he added.

Differentiating Between Asia and the Rest of the World

The new Prime of Prime of ADS Securities will be led by Louisa Kwok, who has been appointed as Head of Relationship Management for the EMEA region and recently joined ADS Securities from BNP Paribas, where she worked in the French bank’s prime brokerage and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term businesses.

The local market for Asian brokerages can be different to the established majors trading in Europe and the U.S.. With the added complexity of offering certain currency pairs, not every prime broking solution has been well tailored to service the needs of institutional clients.

The costs associated with Asian prime broking services have typically been much higher due to infrastructure restrictions and the costs associated with dedicated lines and reducing latency.

The Managing Director for Asia at ADS Securities, Francis Lee, said: “The market in Asia is evolving from the Introducing Broker (IB) model to full institutional provisioning. Brokerages in Asia have an on-the-ground presence, and possess the local know-how. The brokerages with London offices, meanwhile, have the advantage of operating in the largest FX hub in the world, and are protected by one of the most recognized regulatory authorities (FCA) in the world.”

“Firms like ADS Securities who have strong balance sheets, a global footprint and an exceptional network of relationships with multiple top-tier prime brokers behind and supporting our PoP offering, have a clear advantage,” Lee concluded.