Seabury Global Markets has launched a strategic alliance with Parabellum Markets, resulting in the establishment of Parabellum Americas. The new accord will look to support the growth of both companies, targeting an expansion of offerings and operations throughout the Western Hemisphere.
Seabury Global Markets (SGM) operates as a US-based provider of FX trade execution solutions. Its decision to team up with UK-based Parabellum Markets reflects a joint effort to make inroads into new markets. This includes a unified rollout of services in North, Central, and South America.
The deal will aim to kindle growth for both SGM and Parabellum with the ultimate aim of positioning Parabellum Americas as a key electronic broker in the region. This includes the installation of the joint venture as an integral source of liquidity in the FX marketplace focused on serving the Western Hemisphere.
“This new strategic alliance is the perfect fit, growing our America’s business with an experienced team of Seabury Global Markets,” noted Parabellum Markets Chief Executive Officer Roger Gilbert.
In particular, Parabellum will leverage its eFX product deployment strategy in a scalable fashion across the Americas. In tandem, SGM will utilize its already established distribution footprint in the region to further develop joint capabilities and liquidity partnerships. The new connectivity and accord will also explore bringing in Asian clients as part of Parabellum’s global sales outreach.
Seabury Global Markets Chief Executive Officer Rob Fleschler commented: “This new joint venture marks another key milestone in SGM’s growth strategy. Parabellum Americas will offer SGM’s existing and new customers access to additional trading platforms and liquidity providing a seamless connection to the Foreign Exchange and Metals markets.”
Of note, the man tasked to oversee Parabellum Americas will be Scott Mirsky, who is slated to serve as the Head of Electronic Sales & Distribution based in SGM’s New York office. His mandate will cover responsibilities for client business development and liquidity marketing efforts across the Americas region.
“This position offers me the benefit of having the best of both worlds – a strong global client presence and a solid quantitative and technology platform to work from. Parabellum Americas will offer tremendous value to clients through its active liquidity optimization, robust technological capabilities, and an array of credit and execution functionality, which are well suited to meet the challenges and opportunities facing the FX markets today,” explained Mr. Mirsky.
Seabury has been actively shoring up its operations through several partnerships over the past twelve months. This includes a deal with Noble FX as well as its Series A funding round last May. Moreover, the group further developed its partnership with BYFX in 2017, culminating in an expanded focus in Asia.