Matthew Wright announced on LinkedIn that he has been preparing the launch of Semoto Prime, a boutique desk for professional and institutional clients, scheduled for 2026. He said the desk is designed to provide "reliable execution and real operational support," particularly for cross-border transactions.

Team Nears Completion of Prime Desk

Wright has held multiple senior roles in the financial sector. He is currently co-founder of Semoto Prime and managing director of Ondal Ltd in the UK. He also works part-time at Taurex. Previously, he was group COO at Exinity and CEO of ZenFinex, each for about two years.

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He highlighted that "price is easy to find. Clean execution, settlement, and multi-step flows especially cross-border is where most teams get stuck." He added that the desk will cover fiat, stablecoins, and crypto. He said the team has been focused on securing registrations, banking, liquidity, and technology partners, and noted that they are close to completion.

CFD Firms Enter Institutional Trading Market

Semoto Prime’s launch follows a wider trend of retail-focused CFD brokers expanding into institutional services. Several firms, including Axi, CFI, and Taurex, now offer liquidity, multi-asset prime brokerage, and API-based trading.

Industry experts describe this as a “natural progression,” allowing brokers to diversify revenue, access larger clients, and use existing technology infrastructure. Institutional clients often require customised 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 but pose lower operational risk than retail traders.

Some brokers, such as FXPro and Boston Technologies, exited institutional offerings, highlighting the challenges of sustaining prime brokerage services alongside retail operations.

Exinity Diversifies into Retail Investing Tools and Market Predictions

Exinity, led by Andrey Dashin, launched a new institutional unit, Exinity Connect, in 2023 to provide liquidity solutions for broker-dealers, family offices, and hedge funds.

The services, supported by Tier-1 banks and non-bank market makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term, operate under FCA, UK and Mauritius licenses. Exinity joins other brokers, including ThinkMarkets and CMC, in creating separate institutional wings. The firm also manages brands like FXTM, Alpari, and investing tools Nemo and Pulse.