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

Industry News

Witness the intensifying competition as UF AWARDS MEA 2024 nominations persist!

The countdown is on, with less than two weeks remaining to nominate outstanding brands for this prestigious event, culminating in the highly anticipated ceremony during iFX EXPO Dubai 2024 in January.

Retail FX

Saxo Bank’s FX volumes rise despite overall lackluster turnover

As many currency markets saw a relatively active period in November, Copenhagen-based Saxo Bank reported its monthly metrics, which showed a moderate rebound month-over-month.

Market News

S&P 500 Rally Faces Abrupt Halt: Analysts Assess Market Signals

The S&P 500, a benchmark index tracking the stock performance of 500 of the largest US companies, has ignited a flurry of discussions among financial analysts due to its recent performance.


TraderEvolution at FMLS:23: Andrew Saks on how brokers can go multi-asset

In an insightful interview with FinanceFeeds, Andrew Saks of TraderEvolution Global discussed the industry’s evolution towards multi-asset trading. He highlighted challenges in integrating diverse asset classes and the importance of API connectivity. Andrew also touched on emerging trends in options, futures, and fixed income, underscoring the need for adaptable trading technology in today’s dynamic market.

Market News

Powell’s Pivot Navigating the Dynamics of USD, Interest Rates, and Market Expectations

Federal Reserve Chair Powell has signalled a decisive end to the cycle of interest rate hikes for the USD.

Market News

Inflation Concerns, Policy Divergence, and Market Sentiments in the UK

Amidst the recent global revaluation of inflation, Megan Greene, a steadfast MPC member, advocates for a proactive stance. Addressing concerns in Leeds, she calls for an upward adjustment of the Bank of England’s policy rate, cautioning against the potential risks of a too-conservative approach. Greene questions the assumed restrictiveness in the current monetary stance, suggesting it might be less robust than perceived, especially in scenarios of persistent inflation.

Digital Assets

JPMorgan’s stablecoin ventures into interbank transactions

JPMorgan Chase & Co.’s proprietary digital token, JPM Coin, is set to expand its use case by facilitating interbank transactions on Partior, a blockchain ledger developed in collaboration with DBS Bank, Temasek, and Standard Chartered.

Retail FX

Interactive Brokers’ client base surges past 2.5 million

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.89 million daily average revenue trades, or DARTS, in November 2023 compared to 1.93 million transactions in the prior month. The figure is three percent lower on a yearly basis, and also dropped slightly from a month earlier.

Executive Moves

Andrew Gibson launches TimberFX brokerage brand in Cyprus

After nearly two years at Tavira Securities as Head of Product Development, industry veteran Andrew Gibson is launching a new FX brokerage business based out of Cyprus.