B2Broker Group’s PBS Receives a License from the Bank of Russia
- The license permits JSC Prime Brokerage Service (PBS) to conduct brokerage and dealer activities.
B2Broker Group announced today that JSC Prime Brokerage Service (PBS), one of its member companies, has received a license from the bank of Russia to conduct brokerage and dealer activities. The company applied for the permit earlier this year and the Russian authority granted the license in October 2021.
After the acquisition of the license, PBS is now planning to facilitate professional traders, corporate and institutional clients through efficient services. B2Broker cleared that PBS will not be entering the mass retail market. PBS aims to take advantage of the growing stock market opportunities in Russia. According to the company, its goal is to provide convenient services in the B2B segment.
“The aim is to deliver a good product and offer banks and professional players the Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term and Prime of Prime model on the Russian market with the maximum possible number of platforms, terminals and instruments. In addition, the company plans to act as a 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 provider for a number of foreign trading instruments,” B2Broker highlighted.
“Prime of Prime is not widely represented on the Russian market, and clients through a single account with a Russian regulated prime broker will now have access to all well-known international exchanges and the instruments that are traded on them,” the company added.
Russian Market
Russia is one of the most popular FX markets in the world. Additionally, strict regulations from the Russian central bank now ensure a secure environment for the participation of FX entities and clients. The Bank of Russia has issued a few licenses in the last 5 years to ensure clear and transparent operations are compliant with its regulations.
“The news is therefore welcomed by PBS who now becomes a member of a selected list of prestigious entities. PBS will allow brokers to expand the range of traded instruments and exchanges,” B2Broker added in the official announcement shared with Finance Magnates.
B2Broker Group announced today that JSC Prime Brokerage Service (PBS), one of its member companies, has received a license from the bank of Russia to conduct brokerage and dealer activities. The company applied for the permit earlier this year and the Russian authority granted the license in October 2021.
After the acquisition of the license, PBS is now planning to facilitate professional traders, corporate and institutional clients through efficient services. B2Broker cleared that PBS will not be entering the mass retail market. PBS aims to take advantage of the growing stock market opportunities in Russia. According to the company, its goal is to provide convenient services in the B2B segment.
“The aim is to deliver a good product and offer banks and professional players the Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term and Prime of Prime model on the Russian market with the maximum possible number of platforms, terminals and instruments. In addition, the company plans to act as a 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 provider for a number of foreign trading instruments,” B2Broker highlighted.
“Prime of Prime is not widely represented on the Russian market, and clients through a single account with a Russian regulated prime broker will now have access to all well-known international exchanges and the instruments that are traded on them,” the company added.
Russian Market
Russia is one of the most popular FX markets in the world. Additionally, strict regulations from the Russian central bank now ensure a secure environment for the participation of FX entities and clients. The Bank of Russia has issued a few licenses in the last 5 years to ensure clear and transparent operations are compliant with its regulations.
“The news is therefore welcomed by PBS who now becomes a member of a selected list of prestigious entities. PBS will allow brokers to expand the range of traded instruments and exchanges,” B2Broker added in the official announcement shared with Finance Magnates.