Advanced Markets, a wholesale provider of FX liquidity, announced today that it now offers prime brokerage (PB) services through Deutsche Bank. According to Advanced Markets, the arrangement expands the firm’s credit capacity while also allowing existing Deutsche Bank PB customers to designate the bank when trading with Advanced Market’s liquidity. Primarily offered to banks and brokers, Advanced Markets offers a DMA solution composed of more than ten primary bank liquidity providers.
In the company’s public statement of the news, Advanced Markets added that the current partnership adds to their existing relationship where in conjunction with Deutsche Bank National Trust Company, they provide a fully segregated client funds solution for qualifying clients.
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Commenting on the news, Anthony Brocco, Executive Chairman at Advanced Markets said, “We welcome the expansion of our relationship with Deutsche Bank and are pleased to offer its world-class FX prime brokerage services to our wholesale and institutional clients. FX DMA is an optimal model for hedge funds, proprietary traders and other institutions to trade FX. Providing Deutsche Bank’s FX prime brokerage service reflects our commitment to enhancing institutional FX market access by continuously refining our market model, trading technologies and credit structures.”