Britannia Global Markets Launches Prime Brokerage Service

Britannia Global Markets (BGM), which is the brokerage arm of London-headquartered Britannia Financial Group, announced on Tuesday the launch of its new prime brokerage solution.

Dubbed Britannia Prime, the new services will be focused on the broker’s professional and institutional clientele.

Commenting on the new services, Sam Gunter, Head of Foreign Exchange Trading at BGM, said: “We are delighted to launch our new FX Prime offering which will enable us to better serve our professional and institutional clients.”

“This development is part of the ongoing expansion of Britannia Global Markets, and we remain focused on broadening our foreign exchange and bullion offering and providing exceptional service and value to clients.”

Access to Multiple Markets

The prime service is regulated under the UK’s Financial Conduct Authority and is offering access to the 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, bullion and non-deliverable forward markets. In addition, the company claims that its offerings will be at competitive prices and flexible terms.

Additionally, the press release shared with Finance Magnates detailed that the clients of the prime brokerage will be given access to markets via both GUI and API of technology providers like Britannia Navigate, Lume FX and PrimeXM.

BGM is known for offering multi-asset trading services in markets like futures and options, forex, equities, bullion and other commodities. Based and regulated in London, the company has been providing dealing services in derivatives since 1986. Last year, it tapped Broadridge for post-trade processing services.

Meanwhile, the demand for prime brokerage services is increasing that prompted many established retail players to jump into the institutional business. Most recently, ThinkMarkets launched Liquidity.net, providing multi-asset 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 provision to institutions.