Equiti Capital, a subsidiary of Equiti Group, today announced that the company’s FX Desk has appointed financial services provider, NatWest Markets as another Prime Broker .
According to the official announcement shared with Finance Magnates, Equiti Capital has onboarded the new Prime Broker to diversify risk. Equiti Capital highlighted significant growth in the company’s FX Desk for the last few months.
Equiti Capital aims to facilitate its FX Desk in order to provide Liquidity in FX derivatives, including NDFs, forwards, swaps, vanilla and exotic options through the latest onboarding of NatWest Markets.
Commenting on the latest announcement, Benedict Sears, Head of Equiti Capital’s FX Desk, said: “NatWest Markets offers versatile solutions that deliver a quicker time to market, expediting the process by which we establish lines of credit when facing Asset Managers, Family Offices, Hedge Funds and Local Banks.”
Equiti Capital expanded its team over the last few months to enhance the company’s coverage. Finance Magnates earlier reported about the appointment of Stephane Treny as a Senior FX Sales Trader at the company.
FX Desk
In the latest announcement, the company highlighted that some of the key reasons behind the growth of Equiti Capital’s FX Desk are its unique macroeconomic insights and voice execution offering.
“We find clients are often looking for help in executing large orders, with an emphasis on reducing market impact. Our Desk is able to help clients with this while maintaining a level of market access which would be unfeasible to maintain for a Buyside firm in the fragmented OTC FX market,” Sears added. NatWest Markets is one of the well-known financial services providers worldwide. The company has professional support teams to facilitate partners.
“We are very pleased that Equiti Capital has recognized our PB solutions as market-leading and are looking forward to supporting the company's continued growth,” Marcus Butt, Head of Global FX Prime Brokerage at NatWest Markets mentioned in the official announcement.
In April 2021, Equiti Group, the company behind Equiti Capital, expanded its product offering with the addition of sustainable energy stocks.
