Advanced Markets Partners With UBS for FX Prime Broking Services

At a time when the industry is feeling the Swiss National Bank's (SNB) induced pinch to credit relationships, Advanced Markets has announced that it will be adding a new 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 provider (LP) to its Direct Market Access (DMA) platform.

The latest addition is Swiss bank UBS AG, which will solidify the offering of Advanced Markets to a total of ten LPs six months after prime brokers announced revised, harsher conditions for providing liquidity to a number of retail foreign exchange brokers.

Advanced Markets now provides access to a total of ten LPs

Advanced Markets provides its top-tier bank liquidity through an anonymous marketplace under its STP model.

Commenting on the announcement, the CEO of Advanced Markets Anthony Brocco said, “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 has already been offering liquidity from UBS since the beginning of June.

In the beginning of June, Advanced Markets officially announced a joint venture with platform provider Fortex after hiring a sales team primarily constituting of former Boston Technologies employees earlier in 2015.

Under the name FAM Clearing LLC, the joint venture aims to deliver prime-of-prime services and technologies to firms that do not have access to prime broking services provided by tier-one banks.

UBS was one of the major banks to have profited heavily in the aftermath of the Swiss National Bank's (SNB) induced Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term. The Swiss bank reported stronger than expected Q1 results, pointing out its foreign exchange business as the primary reason for better financial metrics.