Do not invest more money than you can afford to lose.
GCM Prime, a UK-regulated institutional broker, announced it has closed a deal to acquire the customers and certain assets of the institutional forex and CFD business and technology solutions of Capital Markets Services UK (CMS) – CapMar Financial and its brand CapMar FX.
According to the announcement, the CMS institutional clients, the majority of them being brokerage firms, were transferred to GCM Prime last weekend. The deal also includes proprietary technology for reporting and back office operations, CMS liquidity relationships and some key personnel.
GCM Prime has also acquired the trading names CapMarFX, CapMar Financial and the website CMSFX.co.uk.
GCM Prime is a relatively new player on the forex and CFD market, with a little over a year of presence and the acquisition of CapMar Financial is a significant milestone for the company.
“When I joined GCM Prime from FXCM about a year ago, it was to build an impactful organization in the tier 2 trading space,” said GCM Prime CEO, Adam Toro. “The acquisition of CapMar’s book of business and key Intellectual Property represents a significant step in achieving those goals. I would like to thank CMS Clients that have moved to GCM Prime for their confidence in our company. GCM Prime will strive to offer its clients the best possible trading conditions and in the near future expand its technology and liquidity offerings. In addition, GCM Prime will continue to offer its clients straight-through processing (STP) execution in accordance to its FCA licence permissions as a matched principal broker.”
GCM Prime is regulated by UK’s Financial Conduct Authority (FCA) offers a full line of services for its institutional clients, including white Label solutions, FIX API integrations, and classic GUI trading. The company has a wide network of bank relationships that provide an expansive liquidity pool with low-latency connectivity.
Capital Markets Services was founded in 1999 and in 2008 expanded into the tier two institutional business. Its brand CapMar Financial is focused exclusively on the institutional space with its “prime of prime” and white label offerings and full turnkey solutions.
