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Screenshot of a breaking news alert e-mail from Q2 2017
London-based FX Prime of Prime institutional brokerage Stater Global Markets has announced its core technology partners, as well as the introduction of CFDs in indices and commodities.
LeapRate exclusively reported about the launch of Stater Global Markets in an interview with CEO Ramy Soliman last October. Soliman was most recently VP EMEA Sales at Integral Development Corp. From 2010-2015 he was with Citi heading EMEA Margin FX Sales. He has also worked as a dealer and in Institutional Sales at IG Group Holdings plc (LON:IGG).
As far as technology partnerships go, Stater has indicated that:
- Currenex, Integral and Flextrade have been selected as front-end platforms.
- Gold-i has been chosen as the bridge provider for Stater’s MT4 White Label solution.
- FXecosystem, which recently set up a Point of Presence in HK1 (Hong Kong) and SG1 (Singapore), will provide connectivity.
- NEX Abide, a unit of NEX Group PLC (LON:NXG), will provide regulatory reporting services.
Ramy Soliman, CEO of Stater Global Markets explains,
We have spent the last six months assessing the leading technology vendors in this industry across all key areas of the business – from front-end platforms and pricing aggregation tools to bridge and connectivity providers. Our strategy is to offer best of breed solutions to our client base and I am confident that our rigorous procurement process has enabled us to identify the highest quality technology partners.
We have not only been reviewing technology vendors but have also been assessing Liquidity Providers in order to offer a greater choice to clients. Our fund and retail broker clients, in particular, were keen for us to extend our product offering beyond Spot FX liquidity and this seemed a natural evolution for our business. We now offer CFDs in indices and commodities, with high quality pricing from our top tier non-bank counterparties.
Stater Global Markets offers clients direct access to Tier 1 bank and non-bank liquidity, clearing and institutional grade technology. The London-based firm is a matched principal broker which takes no risk. All trades are passed on to Liquidity Providers on an STP basis.