Advanced Markets Launches Fully Segregated Tri-Party Custody Credit Structure in Hong Kong

by Avi Mizrahi
  • The structure, claimed to provides an unparalleled level of security, was originally launched in the US to enable large securities brokers to partner with the firm when it was a lightly capitalized start-up operation.
Advanced Markets Launches Fully Segregated Tri-Party Custody Credit Structure in Hong Kong
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Advanced Markets Ltd, the FX and metals wholesale Liquidity provider, has just announced it now provides a fully segregated tri-party custody account for qualifying brokers and fund managers based in Asia. The account structure, which is available in the US, enables brokers and fund managers to open and maintain custody accounts in their name for their margin funds.

The firm explains that the accounts are subject to a three-way account agreement, enabling Advanced Markets to perform daily pays and collects based strictly on the client’s trading gains and losses.

The account structure, which the firm claims provides an unparalleled level of client fund security, was originally developed and launched in the US by Advanced Markets, Macquarie Bank and Deutsche Bank National Trust Company in 2009. At the time, it was said to be necessary to enable large securities broker-dealer clients of Advanced Markets to do business with the firm when it was a lightly capitalized Startup operation.

Anthony Brocco, CEO, Advanced Markets

Anthony Brocco, CEO, Advanced Markets

“Our fully segregated tri-party custody solution provides the highest level of fund security and control available,” said Anthony Brocco, Executive Chairman, Advanced Markets LLC. “We’re pleased to make it available locally to our clients in Hong Kong, China and throughout Asia.”

In addition to fully segregated tri-party custody accounts, Advanced Markets also offers “prime of prime” and multi-currency margin credit solutions to eligible clients. The firm provides prime of prime services through its prime brokers, Citi and Deutsche Bank.

AMlogo

Advanced Markets Ltd, the FX and metals wholesale Liquidity provider, has just announced it now provides a fully segregated tri-party custody account for qualifying brokers and fund managers based in Asia. The account structure, which is available in the US, enables brokers and fund managers to open and maintain custody accounts in their name for their margin funds.

The firm explains that the accounts are subject to a three-way account agreement, enabling Advanced Markets to perform daily pays and collects based strictly on the client’s trading gains and losses.

The account structure, which the firm claims provides an unparalleled level of client fund security, was originally developed and launched in the US by Advanced Markets, Macquarie Bank and Deutsche Bank National Trust Company in 2009. At the time, it was said to be necessary to enable large securities broker-dealer clients of Advanced Markets to do business with the firm when it was a lightly capitalized Startup operation.

Anthony Brocco, CEO, Advanced Markets

Anthony Brocco, CEO, Advanced Markets

“Our fully segregated tri-party custody solution provides the highest level of fund security and control available,” said Anthony Brocco, Executive Chairman, Advanced Markets LLC. “We’re pleased to make it available locally to our clients in Hong Kong, China and throughout Asia.”

In addition to fully segregated tri-party custody accounts, Advanced Markets also offers “prime of prime” and multi-currency margin credit solutions to eligible clients. The firm provides prime of prime services through its prime brokers, Citi and Deutsche Bank.

About the Author: Avi Mizrahi
Avi Mizrahi
  • 2728 Articles
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About the Author: Avi Mizrahi
  • 2728 Articles
  • 10 Followers

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