Boston Technologies attains FSA license for its prime brokerage Boston Prime
Boston Technologies were just granted an official FSA license to its prime brokerage venture - Boston Prime. Boston's BT Prime

Boston Technologies was just granted an official FSA license to its prime brokerage venture – Boston Prime. Boston’s BT Prime serves as a prime brokerage for BT’s clients plugging them to liquidity of a dozen or so banks. This also is used as a feed to those brokers who require it.
Boston’s licenses are found here: http://www.fsa.gov.uk/register/firmPermissions.do?sid=258356 and are:
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- Agreeing to carry on a regulated activity
- Arranging (bringing about) deals in investments
- Arranging safeguarding and administration of assets
- Dealing in investments as agent
- Making arrangements with a view to transactions in investments
Boston pushed for this status as it was both required in many jurisdictions and will be perceived as more organized and safe for all of its clients. Leverate is rumored to be going through same procedure in Cyprus.
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Are they allowed to act as broker for retail clients too with this – or only for ECPs and so on?