LCG’s Price Markets Launches Solid FX’s Platform, Selected Due to “Near Zero Latency”
London Capital Group is considered a possible candidate to fill the hole left in the FX prime brokerage market caused

Price Markets, an FX prime brokerage services provider which is part of the London Capital Group (LCG), announced today that is has teamed up with Solid FX, a non-bank market maker and multi-bank ECN, to launch their latest platform to Price Markets’ worldwide institutional client base.
According to the announcement, Price Markets Prime Brokerage Services decided to add Solid FX to its selection of FX ECNs, in order to further its access to FX liquidity venues via graphical user interfaces and APIs and, “most importantly, to near zero latency matching engines based in London.”
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This move can be seen as part of a drive by LCG to shore up its institutional clients’ base following Rabobank’s exit from the FX prime brokerage business. As Forex Magnates recently reported, LCG is considered as one of the most talked about options as a candidate to fill the gaping hole in the prime brokerage market left by Rabobank’s exit.
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A.B. Talei, Head of Business Development at Price Markets, said at the announcement: “We are very pleased to partner with Solid FX. We have already on-boarded a proprietary trading firm on their platform and several others in the pipeline. Solid FX has already been integrated and tested with our back-office and post-trade processing software so it’s pretty much a plug-and-play solution for our clients.”
M. Westerman, Head of Sales at Solid FX, commented: “Since the first contact with Price Markets they show a very pro-active stance. As we are already in business with London Capital Group for some years, it make sense for us to intensify the business via Price Markets. We also believe we can add some value towards the existing pool of FX venues.”
It was also announced today by the company that Solid FX has appointed the Royal Bank of Scotland as its new Prime Broker.
Plus500 stock way up. LCG stock way down.
Better products, or better management?
Any idea how much volume SolidFx is doing?
@Andy
Our daily volume is about 1 bln. But with our new PB in place, this will grow in the nearby future.
Marco
Maybe London Capital Group could improve their spreads in certain pairs – then you would make more than a lousy 1 bn in volume per day. The appropriate sales managers at LCG should listen from time to time to their potential customers.
Otherwise, there are other Prime of Primes like:
Cantor Fitzgerald
ABN Amro
FXCM
GFI Group
Newedge
Marex
Fixi
Velocity Trading
Sucden
FC Stone
just waiting for this business from Rabobank, too.
@Marco: on your website you state that you do not charge commissions. How does SolidFX make money then?
Congrats Frank and Diego!
Thanks Mitch! I quess we speak each other soon? 😉
@ Andy; please contact me via marco@solid-fx.com. we can discuss our business model. thanks marco.
Hi I just wondering the following:
1. why currently only institutional account is available and whats become of personal account?
2. there are some conditions for the institutional account like minimum order size, minimum volume per month, initial deposit etc.?
I already sent an email asking this to Pricemarkets, but I don´t received any answer. Can you please let me know. Best regards,