Exclusive: Standard Chartered to Provide FXPB Services to Advanced Markets

Institutional foreign exchange 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 prime-of-prime services provider Advanced Markets just shared with Finance Magnates that the company signed a new prime broker deal. The company is partnering with London-headquartered multinational bank Standard Chartered.

The move is seen as cementing the position of Advanced Markets among the leading institutional brokers. Earlier this month the company announced the acquisition of an FCA license.

the new prime broking relationship with Standard Chartered will further extend the range of clients that can use prime brokerage services to trade via Advanced Markets’ Direct Market Access (DMA/STP) liquidity infrastructure.

“Having Standard Chartered Bank as a prime broker enables us to better serve institutional market participants and further solidifies our standing as a leading prime-of-prime service provider to brokers, banks and fund managers,” said Anthony Brocco, Founder and CEO, Advanced Markets.

The new Standard Chartered facility complements Advanced Markets’ existing prime brokerage and credit relationship with UBS.

In addition to prime brokerage, eligible corporate clients may set up custodial accounts with Macquarie Bank to support trading via Advanced Markets. This structure provides enhanced security because a client’s funds are held in its name in a custodial account.

New Prime Broker Relationship

Standard Chartered will be providing prime brokerage services to both the newly launched FCA-registered Advanced Markets (UK) Limited London-based operation and the ASIC-regulated subsidiary of the broker.

Both companies operate as independent entities and will have discrete prime brokerage accounts at the bank.

Commenting on the new arrangement with Advanced Markets, the Head of Prime Services Sales Americas, of Standard Chartered, Matthew Walsh, said: “Advanced Markets’ transparent, direct market access agency model, which enables clients to trade on top-tier bank liquidity, fits well within our strategy.”

Advanced Markets committed to a Direct Market Access (DMA/STP) liquidity model at launch in 2006. FX market participants trading via the infrastructure of the brokerage can trade anonymously on prices streamed by leading Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on Read this Term in a fully transparent, anonymous market structure.

The combination of the firm’s DMA/STP model and robust low latency trading infrastructure has driven participation from leading brokers, fund managers, and other institutions.