Britannia Expands Prime Brokerage by Adding FX, Commodity CFDs

Britannia Global Markets (BGM), the brokerage arm of London-headquartered Britannia Financial Group controlled by Venezuelan/Italian banker Julio Herrera Velutini, expanded its prime brokerage by adding trading of FX, index and commodity CFDs.

The press release shared with Finance Magnates also elaborated that technology platforms, including Lucera, PrimeXM, MetaQuotes and MaxxTrader, will support the new offering.

“We are excited to grow our Prime Brokerage offering to include CFDs and further expand our technological infrastructure, which will allow us to effectively service the increasing demand from our clients,” said Samuel Gunter, the Head of Foreign Exchange Trading at Britannia Global Markets.

“Britannia is committed to providing the best-in-class service to our growing professional and institutional clients through a broad range of trading and investment solutions. This new offering and investment reflect the bedrock of Britannia’s strategy, to utilize technology to innovate the Group’s trademark boutique, personalized services.”

BGM launched its prime brokerage solution last year in September, which was focused on the broker’s professional and institutional clientele.

A London-Regulated Firm

Regulated by the Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term), the prime brokerage services of the company initially offered access to the forex, bullion and non-deliverable forward markets. Moreover, the company claimed competitive prices and flexible terms for undercutting the services of its competitors.

BGM is known for offering multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term trading services in several markets. Based and regulated in London, the company has been providing dealing services in derivatives since 1986. However, it ceased its LME Category 2 membership in June 2022 and is now focusing on OTC contracts.

On top of that, the company strengthened its offerings around post-trade processing services by partnering with Broadridge Financial Solutions.

Meanwhile, other prime brokerage players have modified their offerings in recent years. Jefferies exited from the FX prime brokerage market and migrated its clients to another unnamed institution. There are several entries in this space too. ThinkMarkets launched Liquidity.net, providing multi-asset Liquidity provision to institutions, while Hidden Road also Introduced OTC prime brokerage for cryptocurrencies. Furthermore, Barclays expanded its prime brokerage services last year after several of its rivals stepped back from the industry with the collapse of Archegos Capital.