Source: Advanced Markets
Advanced Markets LLC now offers foreign exchange prime brokerage services via Morgan Stanley & Co., a leading foreign exchange prime broker. The new service will broaden the scope of the institutional clients that can now use existing bank and prime broker credit relationships to access the firm's FX Direct Market Access (DMA) platform.
Advanced Markets FX DMA platform enables FX market participants to trade on prices streamed by more than 10 leading FX banks in a fully transparent, anonymous market structure. The combination of the firm's DMA model and its robust low latency trading technology has driven participation from fund managers and other institutions that use FX prime brokerage services to access the foreign exchange market. The prime brokerage service complements Advanced Markets' existing margin and secure funds account structures.
"We welcome Morgan Stanley as our prime broker and are pleased to offer its world-class FX prime brokerage services to our institutional clients," said John G. Moran, COO, Advanced Markets. "FX DMA is an optimal model for hedge funds, proprietary traders and other institutions to trade FX. Providing Morgan Stanley's FX prime brokerage service reflects our commitment to enhancing institutional FX market access by continuously refining our market model, trading technologies and credit structures."
"Morgan Stanley is pleased to provide prime brokerage services to Advanced Markets and its institutional clients," said Martine Bond, Global Head of Foreign Exchange Prime Brokerage at Morgan Stanley, "We believe that the combination of Morgan Stanley's market leading prime brokerage platform and Advanced Markets innovation and client franchise are a powerful combination."