Armada Markets Exits Retail Market, Clients Moved to Off-Shore Entity

Estonia-based broker Armada Markets has apparently decided to offload its retail side of the business and position itself as an institutional player only. The firm's website now states that, as of this year, Armada Markets' focus is to be mainly on providing 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 and services to banks, brokers and hedge funds.

The company's book has been moved to a new entity, a Seychelles Financial Services Authority (FSA) regulated brand named Tickmill Ltd.

The website domain of Tickmill was only registered on July 2014, so it is likely just a new legal entity that was created for the purpose of handling Armada Markets’ former retail forex and CFD business. Despite its recent founding, Tickmill won’t need to go far to find Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term as Armada Markets is now focused on this area and will probably be able to offer it a very good deal.

Regulation warnings

In September 2014, the broker left the retail FX market in Poland after the Polish Financial Supervision Authority (KNF) announced that "Armada Markets AS" had been added to their list of unauthorized firms, effectively banning the broker from offering financial services to Polish residents.

The Polish statement echoed the Estonian Financial Supervisory Authority's (Finantsinspektsioon) public warning regarding Armada Markets published two years earlier, stating that the firm was not regulated in Estonia.

Today Armada Markets declined to comment, but they are reassuring clients that everything will stay the same as "Tickmill’s team will work hard to improve services even further." After saying recently that they expect to reach a monthly trading volume of $25-$35 billion within the next six months, it seems Armada Markets will have to work pretty hard as well.