Eurotrade looks to institutions business for growth, launches Eurocapital
After three years in the market as a retail brokerage, CySEC-regulated firm Eurotrader Group has introduced Eurocapital, a foray into multi-asset liquidity provision intended for servicing institutional and professional clients.
Declining market volatility and lower activity in the retail business segment, as well as stricter regulations, have prompted many retail brokers to shift to the institutional side of the $6 trillion-a-day forex market.
Eurocapital will provide wholesale clients with Prime of Prime liquidity and facilitation services which will be supported by an expanded sales coverage network within Eurotrader Group.
The new brand also gives hedge fund managers, family offices and other buy-side players access to the full spectrum of prime brokerage services spanning forex, equities, CFDs and futures
“Eurocapital’s offering is also complemented by ultra-low latency and uninterrupted trading flow, ensuring maximum efficiency and fast execution,” the company says.
Eurotrade expects its multi-asset offering to yield a potential market opportunity. For this purpose, the firm has completed partnerships with a network of third-party distribution hubs and co-located API connections. This also included integrations with Bloomberg, MetaTrader 4, MetaTrader 5, CQG, SS&C Eze and Trading Technologies.
Commenting on the launch, Matthew Kent, Director Institutional Sales, said: “Our foray into institutional and professional services marks a very exciting time for Eurotrader Group. This new endeavour is a direct response to evolving market needs, which largely centre around the demand for increased flexibility and individualised solutions. Eurocapital is committed to and equipped for raising the bar of flexibility, customisation and excellence beyond what is standard today.”
Eurotrade has unveiled in August a new South African-licensed entity in a bid to expand its brokerage business in Africa, or possibly to offset the impact of sluggish economic conditions and regulatory restrictions in its core markets.
Founded in 2018, Eurotrader is a forex brokerage firm owned by Eurotrade Investments RGB Ltd., which is headquartered in Limassol, Cyprus, and licensed to provide online trading products and services.
Part of a rebranding process, the company also acquired new domains: eurotrader.com, and eurotrader.eu for the CySEC-regulated entity. Furthermore, the company has lured two industry veterans to expand its senior leadership team.
Eurotrader appointed Patrick Murphy, who until recently was Head of Consumer Compliance at payment giant Paysafe as Head of Global Compliance. It also named Nick Whitehead (formerly Head of Digital Product – Investments & Wealth at Barclays) as Head of Product.