Advanced Markets, an institutional foreign exchange liquidity and prime-of-prime service provider, announced that the company has recently secured a significant investment to expand its global reach.
According to the official press release, Forexify and Corbel Capital Partners collaborated to join Advanced Markets’ existing shareholders Macquarie Group and GFI Group LLC. Advanced Markets mentioned that the latest funding round is the company’s first one in more than 10 years.
Macquarie Group announced significant investments in Advanced Markets in 2007. Additionally, GFI Group LLC facilitated the company’s expansion in 2010 with the announcement of a major investment. The company termed its Direct Market Access/Straight Through Processing (‘DMA/STP’) model and robust, low-latency trading infrastructure as the main reasons behind its consistent growth with fund managers, brokers and other financial service providers.
Commenting on the latest announcement, Anthony Brocco, Founder and CEO of Advanced Markets, said: “These new investors represent an important step in achieving our global strategy. Key industry relationships through Forexify will enable us to dynamically expand our product offering and technology capabilities, ensuring we continue to meet the needs of our fast-growing and diverse institutional client base.”
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In May 2020, Finance Magnates reported about a partnership between The Financial Commission and Advanced Markets for liquidity services.
Advanced Markets mentioned that the company’s existing investor GFI Group LLC, a wholly-owned subsidiary of BGC Partners, has reduced its stake in Advanced Markets to facilitate new investors for the company’s next phase of growth. Moreover, the institutional service provider is planning to take advantage of the industry expertise of Forexify and Corbel in order to accelerate its global expansion.
“Advanced Markets presents a hugely exciting opportunity. The strong track record and leadership, combined with the positive market outlook made this an easy investment for us; we’re proud to partner with Forexify and its management to drive Advanced Markets’ next phase of growth,” Michael H. Jones, Principal at Corbel Capital Partners mentioned in the official press release.
In April 2020, Advanced Markets expanded its liquidity collaborations through a partnership with Tradesocio.