UBS joins Advanced Markets' FX platform
Prime of prime broker liquidity provider, Advanced Markets has added UBS AG as a prime broker.
Advanced Markets' Direct Market Access (STP) platform allows FX market participants to trade on prices streamed by more than 10 leading FX banks in a transparent, anonymous market structure.
The new arrangement with UBS will expand the range of brokers and institutions that can use existing prime broker credit relationships to access Advanced Markets' top-tier bank liquidity.
"We are pleased to partner with UBS to strengthen our market position," said Anthony Brocco, chairman, Advanced Markets.
"In the post-SNB environment, having the right credit relationships in place is of extraordinary importance. With UBS as a prime broker, we will continue as a true prime of prime service provider with 100% STP model, committed to delivering elite service to our partners."
Advanced Markets began offering UBS as an FX prime broker June 1, 2015.
Qualified clients can also take advantage of Advanced Markets' tri-party custodial accounts at Macquarie Bank offering to further ensure security of their margin deposits.
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