Exclusive: Black Pearl Securities Launches BP Prime, Focusing on High-End

An FCA-regulated company led by Francesco Porcu, Black Pearl Securities, is launching a new prime of prime initiative which is part of a major rebranding. The firm is known in the industry for its retail brokerage arm BlackpearlFX.

The firm has an XCore setup with PrimeXM and delivers its services via the industry standard FIX protocol. The company has dedicated sales and support teams based in London and Shanghai and is offering its clients STP Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term.

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Commenting on the launch to Finance Magnates, BP Prime CEO Francesco Porcu said: “We already have a solid customer base of brokers around the world that are using our 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. Our goal is to accept all types of clients that are looking for a solution at an affordable price. All of the flow goes to LPs that we have selected carefully over the years leading to this launch. We aggregate the flow internally thanks to our partnership with PrimeXM.”

The company is starting with FX, CFDs on 14 major indices, and six commodities, in addition to working on delivering to the market its cryptocurrency offering.

“Our liquidity comes from different sources, and all trades are executed via STP execution in milliseconds. BP Prime does not use a dealing desk so our clients can focus on trading the markets and not against brokers. We are an IFPRU 125K firm and all trades are instantly matched with our LPs,” explained Mr Porcu.

The firm’s dedicated teams in Europe and Asia, along with its FCA license, are significant assets when on-boarding new clients. The regulatory headwinds in Europe that have engulfed the industry in recent years have prompted a response from brokers, which are starting to target more experienced traders.

BP Prime’s focus on the institutional side of business comes as a natural transition since the company has already set up some partnerships, especially in the booming Southeast Asia region.