New UK-licensed institutional prime-of-prime broker Stater Global Markets starts business

New UK-licensed institutional prime-of-prime broker Stater Global Markets starts business

- in All News, Featured News, Forex Brokers
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London-based Stater Global Markets, a new prime-of-prime brokerage, said on Monday it has commenced operations. The broker holds a matched principal broker license by the UK Financial Conduct Authority (FCA) and is backed by Stater Holdings, an entity set up in September 2015 in New Zealand.

The newly-launched broker offers clients direct access to top tier bank and non-bank liquidity, credit intermediation, institutional-grade technology solutions for distribution and access and world-class infrastructure for the forex market, as well as other complementary services, including research, and consultancy. Its technology services include front-end platforms, multiple APIs, connectivity, and hosting.

What platforms exactly will the broker offer was not specified at this point. It noted, however, that no proprietary platforms are planned.

As clients, Stater Global Markets targets professional traders and retail brokers alike, but its services can also be used by banks, funds, and liquidity makers.

The broker is headed by Ramy Soliman, a former employee of forex groups Citi, IG and Integral with more than 14 years of experience in financial services, of which 11 years in the forex sector.

“The backers saw an opportunity to leverage my experience from Citi, IG and Integral to create a new, comprehensive Prime of Prime offering. They acquired an FCA regulated brokerage with a strong team and institutional client base and, over the last few months, I have been evolving the business and leveraging my contacts to develop Stater Global Markets, which is now open for business,” Soliman said in a press release. “I have used this experience [in the above-mentioned companies] to shape Stater Global Markets and to select who I believe are the very best partners in the industry – from Top Tier liquidity providers through to bridge providers, white label platforms and connectivity solutions,” he added.

More information is available at www.staterglobalmarkets.com.

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