8/10/2009 - Charlotte, NC
FULL Press Release: Advanced Markets Launches FX Direct Market Access
Advanced Markets Launches FX Direct Market Access
Offers Direct Access to Multibank FX Prices for Experienced Traders
CHARLOTTE, NC, AUGUST 10 2009 —Advanced Markets LLC today announces the launch of its comprehensive FX DMA market structure, which provides traders with direct, unintermediated access to spot FX prices streamed by 11 top tier FX banks. Advanced Markets’ DMA model is designed for experienced traders who understand the benefits of accessing the spot FX market directly in a fully transparent, low latency, professional environment.
“Our DMA model represents an evolutionary step in the development of FX trading,” said Anthony Brocco, CEO, Advanced Markets. “DMA 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.”
Advanced Markets does not operate a dealing desk. All trades are automatically and instantly offset with the bank providing the best bid or offer on the platform. This protocol and Advanced Markets trading technology ensure fast, reliable trade executions without re-quotes or dealing desk intervention.
“We believe our DMA model offers powerful advantages to savvy FX traders by providing unintermediated access to prices generated by leading banks in the interbank FX markets,” said Brocco. “These advantages start with robust FX market data to support fundamental and technical trading models to full depth-of-book transparency to support pre-trade analytics and finally tight bid/offer spreads and deep liquidity for optimal trade executions.”
Other defining criteria of Advanced Markets’ FX DMA model are:
• All trades are matched solely on a price/time protocol. There are no requotes.
• Prices are displayed in the full range (0-9) of one-tenth pip pricing consistent with professional FX market quotation protocols.
• All trading is anonymous. Anonymity ensures neutral prices reflecting global FX market conditions, not a dealer’s knowledge or familiarity with a client’s trading methods, strategies, tactics or current position(s).
• Advanced Markets is strictly an agency broker. It is not a market maker or liquidity destination on the DMA platform it provides to clients.
• 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.
• Advanced Markets charges a disclosed commission. Alternatively, a fixed mark up can be added to bid/offer spread at the client’s discretion.
Advanced Markets DMA platform is available directly to experienced individual traders and fund managers via a choice of front-end, API and FIX interfaces. It is also available to on a wholesale, partnership basis to financial institutions worldwide.
About Advanced Markets LLC
Advanced Markets provides individual and institutional FX traders transparent trading access to the global FX market. The firm’s advanced trading platforms and real time FX pricing from top tier FX banks, enable FX traders a level playing field and total transparency. Advanced Markets clients trade on our fast, robust, trading technology where all trades and orders are routed directly to our interbank FX price providers.
Advanced Markets is a futures commission merchant registered with the U.S. Commodity Futures Trading Commission and a member of the U.S. National Futures Association. The firm is headquartered in Charlotte, North Carolina.
Advanced Markets receives foreign exchange services, including pricing and prime brokerage services, from Macquarie Bank Limited ("Macquarie Bank"). A wholly owned subsidiary of Macquarie Bank is also a debt provider to Advanced Markets and has the right to take an equity interest in a member of Advanced Markets LLC group of companies.
Macquarie Bank is a global provider of banking, financial, advisory, investment and funds management services. Macquarie Bank maintains Representative Offices in the states of California, New York, Texas and Washington, but is not authorized to conduct banking business in the United States.
Industry Contact:
Anthony Brocco
Advanced Markets LLC
+1 704 544 9446
abrocco@amifx.com
Media Contact:
Peter Burton
Advanced Markets LLC
+1 917 589 9475
pburton@amifx.com
Please note that foreign currency transactions carry a high degree of risk and are not suitable for many investors.
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