Ballinger & Co. Taps ED&F Man Capital Markets for FX Liquidity

London-based FX broker, Ballinger & Co. announced on Wednesday that it has partnered with ED&F Man Capital Markets, a global financial brokerage.

Under the signed agreement, ED&F will provide spot and forward forex liquidity to Ballinger. This arrangement will enhance the FX broker’s capacity to offer flexible terms to clients via a credit facility.

Ballinger revealed that it has already received £10 million in new funding from ED&F and other investors, whose names were not disclosed.

“Entering into this partnership with ED&F Man Capital Markets is a landmark moment for Ballinger,” Ballinger CEO, Tom Dudderidge said in a statement.

“MCML’s 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 settlement capabilities will revolutionize our client offering, their team is world-class, and we look forward to deepening our collaboration. It concludes what was a transformational year for us and, looking ahead to this year, we are set to capitalize on our ambition to become the market leader in the Deliverable FX space.”

Smashing Targets in 2020

Regulated by the Financial Conduct Authority (FCA), Ballinger offers its services to corporations and institutions. The brokerage is expecting to benefit from the leadership of Tracey who has decades of experience in the FX industry.

Moreover, the broker revealed that it traded over $1.75 billion Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term instruments last year on behalf of its clients. The achieved figure was more than double its projected revenue.

Finance Magnates earlier reported on several top-level appointments at Ballinger that mostly include the former Monex Europe executives.

“Our collaboration with Ballinger is a perfect example of our ability to be nimble, entrepreneurial, and to work with partners to bring together best in class solutions for our clients. I am sure that this will be the first step of many in our journey together,” Gary Pettit, UK CEO at ED&F Man Capital Markets, said.