8/10/2009 - Charlotte, NC
Advanced Markets in the news: (as seen in Profit & Loss Magazine) Advanced Markets Launches FX Direct Market Access

Charlotte, NC-based foreign exchange broker Advanced Markets has launched a service that provides traders with direct, unintermediated access to spot FX prices streamed by 11 global FX banks, a company official says.
The Advanced Markets’ DMA model provides trade executions without re-quotes or dealing desk intervention. All trades are anonymous and matched with the bank providing the best bid or offer on the platform solely on a price/time protocol.
In addition, prices are displayed in the full range of one-tenth pip pricing consistent with professional FX market quotation protocols, and bid/offer spreads are variable, not fixed, reflecting interbank market conditions, including volatility, pending or recently released news, as well as bank market maker client flows.
“Our DMA model…combines the reliable, continuous liquidity of the best dealers with the transparency, anonymity and neutral multibank pricing of ECNs for an ideal trading environment for price sensitive traders,” says Anthony Brocco, CEO, Advanced Markets.
Macquarie Bank is providing pricing and prime brokerage services to Advanced Markets. The company does not disclose the other 10 bank liquidity providers.
The DMA platform is available directly to experienced individual traders and fund managers via a choice of front-end, API and FIX interfaces, or on a wholesale, partnership basis to financial institutions.
The company charges a disclosed commission for the service. Alternatively, a fixed mark up can be added to bid/offer spread at the client’s discretion.

**Please be aware that off-exchange foreign currency transactions carry a high degree of risk and are not suitable for many investors.

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