Vantage, a Sydney-headquartered multi-asset trading platform provider, has launched Vantage Connect, its institutional arm targeted at providing liquidity services to institutions and corporates in the United Kingdom. This comes nearly four months after Vantage introduced V Social, its social trading product, to traders in the UK.
The new venture will be officially announced at the Finance Magnates London Summit 2022 scheduled for November 21-23 in Old Billingsgate, London, Vantage said in a press statement shared with Finance Magnates.
The broker noted that the new venture is part of its “wider strategic push” to expand the institutional side of its business. The company currently boasts 30 offices across the world and over 13 years of market experience.
Vantage further explained that Vantage Connect is its response “to [the] growing demand among hedge funds, family offices, banks, brokers, money managers and asset managers for bespoke trading solutions.”
‘Widespread Volatility’
According to Vantage, widespread volatility pushed trading volumes across the world by 17.2% higher year-on-year in September.
“This presents both risks and opportunities for institutions, who must navigate rapidly changing market conditions, such as the LSE widened the spread limit on UK gilts, as well as bigger spreads, such as on the CFD and derivatives contracts that are commonly used in hedging strategies,” Vantage explained.
The broker noted that Vantage Connect was designed to enable institutional traders to manage volatility effectively and make optimal use of opportunities in the market by leveraging its “deep liquidity pool” to buy and sell complex assets quickly. Speaking on the new solution, David Shayer, Vantage’s UK CEO, noted that it was time for the company to expand its services to institutional investors as the firm has “built up a strong retail solution.”
“We have a strong team in the UK, all of whom are excited to launch the new service, that ensures that Vantage can be a trusted partner and a one-stop shop for the institutional trading community, and gives them the springboard to make the most of market opportunities,” Shayer explained.
Recent Developments in Vantage
This year, Vantage has taken several steps toward expanding its business. Last month, the Financial Commission (FinComm), the world's first independent external dispute resolution body for the forex industry, approved Vantage's membership request.
Moreover, Vantage in July added 14 more companies to its portfolio of stock-based contracts for difference (CFDs) offerings. The development came months after the broker expanded its trading platform offerings by introducing MetaTrader 5 to its users.
