Advanced Markets Group partners with Tradefora

Via this partnership, FX institutions can take advantage of Advanced Markets interbank liquidity feed, and Tradefora’s innovative RTS27 reporting facility, along with other feed monitoring and benchmarking tools, says Natallia Hunik, Global Head of Sales at Advanced Markets Group.

Advanced Markets Group, a leading Prime of Prime Liquidity Provider, which is authorized and regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) is pleased to announce its new partnership with Tradefora.
Founded in 2016 Tradefora PLC is a fast growing innovative software company specializing on best execution and regulatory reporting services for brokers, traders and regulators.

A partnership to ensure best execution

“The introduction of RTS 27 and 28 reports into the EU regulatory framework is a marquee development that is aimed to increase transparency and foster trust relationships between brokers and their clients.

Advanced Markets is pleased to cooperate with Tradefora in this great mission of delivering crucial information on a broker’s quality of execution, and execution venues, benefiting both traders and regulators alike. Via this partnership, FX institutions can take advantage of Advanced Markets interbank liquidity feed, and Tradefora’s innovative RTS27 reporting facility, along with other feed monitoring and benchmarking tools”, said Natallia Hunik, Global Head of Sales at Advanced Markets Group.

Pavel Khizhnyak, Co-Founder and CEO of Tradefora, said “we are delighted to partner with Advanced Markets as one of the leading liquidity providers in the FX OTC space and a company that shares our drive towards more market transparency. This partnership will enable us to further enhance our benchmark pricing tools across all the supported instruments with institutional level refresh rate frequency and full market depth analytics. This marks an additional major development phase for us as we continue to aggregate top LPs to comprise a comprehensive institutional liquidity pricing index.”

Pavel further commented “With retail traders as our first users, we started Tradefora by aggregating more than 100+ retail broker price feeds to produce a peer-to-peer benchmark pricing index, aka Tradefora Composite Index or TCI”.

“Every trader in Tradefora has full access to this benchmark index and can independently verify the trade execution for free in near real-time. Having a more robust institutional level reference price index will provide us with an ability to check not only the Top of the Book prices, but also to verify the VWAP execution quality across the entire market depth with millisecond precision” he concluded.

Read this next

Digital Assets

Crypto miner BitFuFu to go public on Nasdaq through $1.5 billion SPAC merger

Cloud-mining service provider BitFuFu, backed by industry giant Bitmain, will go public through a merger with a blank-check firm in a deal that values the combined entity at $1.5 billion. This valuation is 4.6x 2022 projected revenue and 3.3x projected December 2022 annualized recurring revenue.

Digital Assets

Bithumb will no longer allow withdrawals to unverified crypto wallets

Bithumb, one of South Korea’s big four exchanges — alongside Coinone, Korbit, and Upbit — exchange is moving to block the use of anonymous wallets.

Retail FX

Cyprus compensation fund (ICF) to protect customers of Sonafx and BelightFX

The Cyprus Securities and Exchange Commission (CySEC) today published a new list of financial services providers that were disbarred from its lifeboat scheme.

Opinion

Exclusive interview with Stacey Van Niekerk of Finalto Group

With qualifications in A+ IT certification; in programming and wealth management as well as currently studying Investment Management at CISI Stacey Van Niekerk is an incredible asset to the Finalto Group. Having 10 years combined extensive experience in the Financial Industry working and helping Brokerage Firms and Fintech companies assist clients around the world in regions such as Australia; Africa; Europe; Asia; Uk and Mena Stacey is now responsible for driving Finalto’s B2B technology offering.

Institutional FX

MOEX lifts restrictions on repo transactions, including short positions

Russia’s largest institutional trading venue has lifted restrictions it applied last month to repo transactions with a central counterparty (CCP) in US shares.

Retail FX

USGFX has a heavy shortfall in client money, nearly $350M missing

BRI Ferrier, the liquidators of Union Standard International Group, known as USG or USGFX, today said creditor claims have hit $357 million, and this amount may increase further.

Industry News

Ripple fails to stop discovery extension amid SEC’s 180º on Hinman’s speech

The plaintiff has made a 180º turn by suggesting that the speech wasn’t merely peripheral to actual policy formulation”, but was in fact an “essential link” in the SEC’s deliberative process with respect to Ether” and other digital assets. 

Digital Assets

Gemini hires Pravjit Tiwana as CTO with eyes on Web3 and Metaverse

“I want to help build Web3 and the decentralized Metaverse. The promise is as big as the Internet itself and Gemini is well-positioned to help build and catalyze that future.”

Institutional FX

Broadridge automates Santander’s Shareholder General Meeting services in Spain

Broadridge has recently expanded coverage for proxy processing and extended voting windows for 20 sub-custody markets in 2021, with more markets to follow in 2022 and 2023.

<