This is the official announcement by BT regarding what was announced here last week: Boston Technologies prime brokerage arm BT Prime received an FSA license. BT is also renaming BT Prime to Boston Prime – definitely a more attractive name. The new license will allow BT to start accepting more established clients who’ll want to tap into its liquidity and thus increase its volume.
Boston Prime (formerly BT Prime), an innovative prime brokerage firm offering access to top-tier liquidity providers with no volume minimums, announced it received UK Financial Services Authority (FSA) authorization and registration.
The FSA approval is an important affirmation of Boston Prime’s dedication to the financial and regulatory standards required to uphold this authorization. Boston Prime is proud to be included among the esteemed financial organizations authorized by the FSA and to provide its customers the assurance and benefit of working with a regulated and transparent prime brokerage partner.
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“Authorization by the FSA gives Boston Prime the regulatory foundation needed to continue to optimize our strong liquidity offering for our customers,” said David Hastings, CEO of Boston Prime. “We are proud of the organization that we have built and this FSA recognition is significant in our continued efforts to become the global pioneer in liquidity solutions for the FX market.”
Boston Prime is headquartered in the heart of London’s financial district atop Tower 42 and offers access to deep liquidity and razor-tight spreads. Partnering with 9 top-tier liquidity providers, Boston Prime provides access to competitive pricing via a BBO (Best Bid/Best Offer) system powered by its strategic partner, Boston Technologies. With this FSA authorization and registration, Boston Prime is poised to expand its offering to institutional FX market participants who were previously unable to access institutional liquidity from a regulated firm at competitive rates.
About Boston Prime
Boston Prime provides institutional-class liquidity for FX market participants by partnering with the world’s top-tier liquidity providers. Brokerages can benefit from Boston Prime’s turnkey all-inclusive offering including customizable liquidity streams, liquidity bridges, FIX API access and real-time price aggregation along with an array of reporting and automated risk management tools. Over 245 total currency pairs are available for trading along with over 19 different CFO instruments with liquidity available up to 12 levels deep. Boston Prime is headquartered in London with an additional office in Boston. You can learn more about Boston Prime at www.bostonprime.co.uk or by contacting firstname.lastname@example.org