News has just surfaced that Advanced Markets Ltd., has today released DMAflex, which involves a new liquidity solution of prime broker credit to its clients using Currenex, according to its latest press release.
The firm offers the Currenex front-end solution to institutional traders and wholesale clients using prime broker credit. Through this solution, Currenex users can trade on Advanced Markets’ DMA bank liquidity aggregated with pricing supplied by non-bank providers, and now in an enhanced manner thanks to DMAflex.
Headquartered in Charlotte, North Carolina, one of the firm’s entities is regulated with the Australian Securities and Investment Commission, under Advanced Markets Ltd, a Cayman Islands company, and provides institutional liquidity and wholesale technology and credit solution to online brokerages, fund managers and institutions.
Forex Magnates recently covered the company when it added two new metals including platinum and palladium, in late February 2014.
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As Currenex has increasingly been used as a platform to offer white-label and customized brokerage solutions, firms are highlighting their value proposition by offering it with tailored components.
For Advanced Markets this includes the capability of clients accessing their signature direct market access (DMA) low latency multi- bank liquidity, with the ECN functionality inherent in the platform.
“DMAflex will extend our direct market access FX liquidity model to institutional traders, who use DMA in equities and other asset classes, as well as to wholesale brokers that white label the Currenex platform,” said Anthony Brocco, Chairman and CEO of Advanced Markets, commenting in the company’s official press release regarding the news today.
Mr. Brocco concluded regarding his views on the new product,“We expect DMAflex will benefit institutional traders seeking consistent interbank liquidity in an anonymous, completely transparent, low latency environment.”