CFH Clearing Appoints Bank of America Merrill Lynch as New FX Prime Broker
Tuesday,13/08/2013|07:52GMTby
Adil Siddiqui
CFH Clearing has chosen Bank of America Merrill Lynch as its new primary prime broker, the move comes on the back changes at the firm which included rebranding to ensure its business is accurately reflected.
CFH Clearing a leading prime of prime (PoP) has selected a new prime broker as the firm undergoes a spiral of changes that reflect the direction of its business. The FCA regulated firm that is part of the CFH Group, has appointed Bank of America Merrill Lynch to operate alongside UBS who predominantly covers its precious metals pricing and Liquidity .
CFH Clearing’s two main prime brokers were Morgan Stanley and UBS as stated on their website, the firm underwent a strict assessment on prime brokers as a replacement for Morgan Stanley and eventually chose Bank of America Merrill Lynch due to its ‘strong service model, competitive pricing and speed in which it on-boards were particularly impressive,’ according to CFH Clearing as mentioned in the official briefing.
In a statement to the media, CEO and Co-Founder of CFH Clearing, Lars Holst explained: “Our recent name change from CFH Markets to CFH Clearing now reflects our business model as an interbank prime of prime solutions provider. Our new relationship with Bank of America Merrill Lynch, combined with our open and flexible technology, allows us to give the smaller to medium sized institutional customer a full front to back solution with excellent and diverse liquidity.”
Lars Holst CEO and Co-Founder of CFH Clearing
After the global recession of 2008 large institutions were forced to examine their prime brokerage relationships, the one to one approach was far too risky as shown by the demise of Lehman’s and AIG. Hedge funds and institutions were looking at one or two primary prime brokers in a bid to diversify and manage their portfolios. This opened up opportunity for banks to enter the FXPB space. FXPB’s face a new wave of issues in respect of Dodd Frank and centralised clearing.
CFH Clearing positions itself as a broker neutral, platform agnostic firm that offers a wide variety of trading platforms for its clients. The firm offers; MetaTrader 4, tradable, ACT Forex, CFH Pro and Vertex 10.
The interbank, pure agency trading model has contributed to the growth and development of the prime of prime product, in essence it sits on a level below traditional prime brokerage services but adds a layer of flexibility for the specific needs of firms such as retail aggregators in respect of leverage and ticket size. The PoP sector is expected to grow as FX brokers look at methods to offset risk and provide a value add service for traders.
Recent reports in certain media publications were stating that Morgan Stanley was shutting down its FXPB division. Forex magnates was in touch with Mark Lane a spokesperson for the bank who said: “After an extensive review, Morgan Stanley is fully committed to a more focused and streamlined FXPB business that will draw on the Firm's market-leading technology platform, intellectual capital and top-tier prime brokerage relationships to differentiate our offering.''
CFH Clearing a leading prime of prime (PoP) has selected a new prime broker as the firm undergoes a spiral of changes that reflect the direction of its business. The FCA regulated firm that is part of the CFH Group, has appointed Bank of America Merrill Lynch to operate alongside UBS who predominantly covers its precious metals pricing and Liquidity .
CFH Clearing’s two main prime brokers were Morgan Stanley and UBS as stated on their website, the firm underwent a strict assessment on prime brokers as a replacement for Morgan Stanley and eventually chose Bank of America Merrill Lynch due to its ‘strong service model, competitive pricing and speed in which it on-boards were particularly impressive,’ according to CFH Clearing as mentioned in the official briefing.
In a statement to the media, CEO and Co-Founder of CFH Clearing, Lars Holst explained: “Our recent name change from CFH Markets to CFH Clearing now reflects our business model as an interbank prime of prime solutions provider. Our new relationship with Bank of America Merrill Lynch, combined with our open and flexible technology, allows us to give the smaller to medium sized institutional customer a full front to back solution with excellent and diverse liquidity.”
Lars Holst CEO and Co-Founder of CFH Clearing
After the global recession of 2008 large institutions were forced to examine their prime brokerage relationships, the one to one approach was far too risky as shown by the demise of Lehman’s and AIG. Hedge funds and institutions were looking at one or two primary prime brokers in a bid to diversify and manage their portfolios. This opened up opportunity for banks to enter the FXPB space. FXPB’s face a new wave of issues in respect of Dodd Frank and centralised clearing.
CFH Clearing positions itself as a broker neutral, platform agnostic firm that offers a wide variety of trading platforms for its clients. The firm offers; MetaTrader 4, tradable, ACT Forex, CFH Pro and Vertex 10.
The interbank, pure agency trading model has contributed to the growth and development of the prime of prime product, in essence it sits on a level below traditional prime brokerage services but adds a layer of flexibility for the specific needs of firms such as retail aggregators in respect of leverage and ticket size. The PoP sector is expected to grow as FX brokers look at methods to offset risk and provide a value add service for traders.
Recent reports in certain media publications were stating that Morgan Stanley was shutting down its FXPB division. Forex magnates was in touch with Mark Lane a spokesperson for the bank who said: “After an extensive review, Morgan Stanley is fully committed to a more focused and streamlined FXPB business that will draw on the Firm's market-leading technology platform, intellectual capital and top-tier prime brokerage relationships to differentiate our offering.''
Top Global Banks Flock to CLSNet FX Platform as Settlement Risk Fears Mount
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
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-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
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-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
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Speakers:
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-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
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Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
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🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
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This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
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- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
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Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
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🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
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As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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