Quantic Prime goes live this month with Francois Nembrini at the helm

Quantic Prime, which went into operation on November 1 this year, has partnered with SmartTrade Technologies Ltd and IBANFIRST to deliver its solution to the professional and institutional market.

Quantic Prime is the institutional arm of AFX Group and a joint venture between the group and IBANFIRST, an expert in banking & physical FX payments licensed by the Bank of Belgium as a Payment Institution. Quantic Prime will focus on finding the best FX execution setup for each customer by leveraging high-quality technology, broad credit access to market through top-tier Prime Brokerages (PB) and a team with a wealth of experience in FX trading.

Paolo Broccardo of AFX Group declares: “The AFX Group has a unique position in the industry running both asset management and brokerage businesses. Opening an institutional agency desk was the next natural step to improve our services by lowering fees to our investors and improving services to our trading clients. The project required resources from multiple departments and was a great experience to complement our teams know how.”

“The project required the firm to increase its share capital which made us a stronger counterparty but also allowed us to expand our sales team by doing senior hires. In a few weeks since go live, we have already seen some positive effects across the firm now that we are onboarding banks, CTAs & hedge fund as customers. This new division allows us to cater to a more professional and institutional customer base and help us strengthen our level of service to a broader client range. This project further demonstrates the AFX Group commitment to delivering products and services of exceptional standards to its clients” said Mr Broccardo

Quantic Prime has partnered with SmartTrade Technologies Ltd and IBANFIRST to deliver its solution to the professional and institutional market. Francois Nembrini, Director for the project:

“After a thorough RFP process, we settled on one of the best combinations in both IT and Clearing in my view. SmartTrade has both extensive connectivity options & flexible order routing workflows and we have also been accepted by one of the largest PB’s with some of best credit lines in the industry” said Mr Nembrini

” The combination offers powerful access to counterparties from both an IT and clearing perspective allowing our clients to get the most efficient liquidity setup required for their trading needs. Access to the best execution of their trades is the first step in our strategy. In Q1, Quantic Prime will offer pricing at a cost to the Prime of Prime market while focusing on the launch of a hedge fund hotel structure. Our brokerage solutions will allow us to keep costs low which will benefit AFX Group’s Quantic AM Labs, the incubation program we work with and will allow us to work with larger hedge funds. We have already designed sentiment indicators which we are offering to our hedge fund clients and will look to beef up our capital intro program as well” – Francois Nembrini, Director, Quantic Prime

David Vincent, CEO of SmartTrade Technologies: “SmartTrade originally catered its services to large banking institutions, but over the last few years, we have seen more traction from high-tech driven companies such as Quantic wanting to differentiate their customer offering. We are pleased to accompany Quantic Prime’s team on their project and to be working with their highly experienced traders. We are confident that they will fully leverage our sophisticated solution to better serve their customers.”

Pierre-Antoine Dusoulier, CEO IBANFIRST: “We are extremely happy to partner with Quantic Prime. We know that Francois is building the best hedge fund execution platform thanks to its unique knowledge of the FX market”

Following the hire of Lisa Murphy as division COO in July, Quantic Prime has further strengthened its team by recently adding Arnaud Clerisse. Arnaud Clerisse comes with 10 years of experience at HSBC where he focused on helping corporate clients hedge G10 and EM currency exposures through spot, forwards, options and structured products.

Francois Nembrini added “Arnaud brings a different skillset to our team. He has expertise in corporate overlay and can provide all the information our clients would require in order to help them decide when more sophisticated products can complement a simple spot position”

Image: SmartTrade Technologies executives James Blackwood Murray and Annalisa Sarasini  join Francois Nembrini  and FinanceFeeds in London

Read this next

Retail FX

Malaysia regulator exposes OctaFX clone, shady FB profiles

Malaysia’s financial regulator today warned online investors about the risks of following investment tips made on social-media platforms.

Digital Assets

Crypto trading volume spikes at Swiss bourse amid FTX collapse

The shockwaves from the historic collapse of Sam Bankman-Fried’s crypto empire are still being felt across the industry, but some trading venues are actually doing better because of it.

Executive Moves

CMC Markets adds Camilla Boldracchi to institutional sales

UK’s biggest spread better, CMC Markets has promoted Camilla Boldracchi to take on an expanded role within its institutional sales desk.

Institutional FX

FXSpotStream reports $1.48 trillion in monthly volume for November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2022, which moved higher on a yearly basis but reflected weak performance across executed trade volumes when weighed against the figures of the prior month.

Retail FX

Interactive Brokers’ client activity drops 30% YoY

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.95 million daily average revenue trades, or DARTS, in November 2022 compared to 1.96 million transactions in the prior month.

Digital Assets

The rise of Crypto ETPs in traditional exchanges as crypto winter deepens

Institutional investors are increasingly looking at traditional regulated exchanges as their first route into digital assets amid market turmoil caused by the crypto winter and the collapse of several big names within the space, including FTX. Acuiti and Eurex surveyed 191 buy and sell-side firms on their views of the digital assets markets in order […]

Digital Assets

TP ICAP’s crypto arm receives FCA’s go-ahead

UK interdealer broker TP ICAP has received a regulatory go-ahead to launch its cryptocurrency services in the UK. The bid shows that the recent collapse of FTX exchange has done little to damp the interest of big names in running their own crypto business.

Industry News

Coin Signals founder to pay $2,847,743 after prison sentence over crypto Ponzi scam

The U. S. District Court for the Southern District of New York has ordered Jeremy Spence, founder of Coin Signals, to pay $2,847,743 in restitution to victims of a fraudulent virtual currency scheme.

Digital Assets

CME Group goes DeFi: Reference rates and real-time indices of Aave, Curve, Synthetix

“These rates are designed to provide traders, institutions and other users transparency and price discovery across a much broader range of tokens, allowing them to confidently and more accurately value cryptocurrency sector specific portfolios and manage price risk around various blockchain-based projects.”

<