MXT Global to Become Vantage Prime, Retail Accounts Migrated to VantageFX
- MXT Global and VantageFX enter the institutional FX space with the launch of Vantage Prime to offer liquidity and white label solutions.
MXT Global has announced to customers that their accounts are being migrated together with those of VantageFX. The announcement comes as MXT Global and VantageFX merged in June 2014, but had remained as two distinct trading brands.
At the time, it was explained that they would remain separate brands as each was having success in different markets. Nonetheless, trading operations for both brokers were streamlined, with both brands sharing similar trading conditions, products and one Australian regulatory license. As such, for MXT Global customers, the current account migration isn’t expected to have a meaningful impact.
Institutional FX
With the exit of the MXT Global brand from the retail 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 market, it now becomes Vantage Prime. As per the ‘Prime’ name, the division will be targeting institutional customers, providing white label solutions and 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.
The launch of a separately branded institutional division has become a growing trend within the forex industry. For many brokers, the Prime offering being geared towards their B2B customers with both liquidity and technology solutions isn’t a new product, as much as being renamed to better distinguish itself as an institutional division.
Other retail brokers that have launched separately branded institutional divisions in the past include FXCM, Saxo Bank, FXOpen, JFD Brokers and AxiTrader. However, not every Prime division is similar, with some simply catering to B2B customers, while others offering prime services such as credit relationships with banks and trading venues.
On the news of the Vantage Prime launch, Managing Director Jay Wang commented, “This restructure is about making sure that Vantage can offer the best possible service to both our retail and institutional clients who obviously have vastly different needs.”
MXT Global has announced to customers that their accounts are being migrated together with those of VantageFX. The announcement comes as MXT Global and VantageFX merged in June 2014, but had remained as two distinct trading brands.
At the time, it was explained that they would remain separate brands as each was having success in different markets. Nonetheless, trading operations for both brokers were streamlined, with both brands sharing similar trading conditions, products and one Australian regulatory license. As such, for MXT Global customers, the current account migration isn’t expected to have a meaningful impact.
Institutional FX
With the exit of the MXT Global brand from the retail 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 market, it now becomes Vantage Prime. As per the ‘Prime’ name, the division will be targeting institutional customers, providing white label solutions and 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.
The launch of a separately branded institutional division has become a growing trend within the forex industry. For many brokers, the Prime offering being geared towards their B2B customers with both liquidity and technology solutions isn’t a new product, as much as being renamed to better distinguish itself as an institutional division.
Other retail brokers that have launched separately branded institutional divisions in the past include FXCM, Saxo Bank, FXOpen, JFD Brokers and AxiTrader. However, not every Prime division is similar, with some simply catering to B2B customers, while others offering prime services such as credit relationships with banks and trading venues.
On the news of the Vantage Prime launch, Managing Director Jay Wang commented, “This restructure is about making sure that Vantage can offer the best possible service to both our retail and institutional clients who obviously have vastly different needs.”