The UK business of Melbourne-based broker, ThinkMarkets, has launched a new premier brokerage unit under the Liquidity.net brand. The foray into multi-asset liquidity provision is aimed at a client segment that includes mid-sized hedge funds, family offices and other buy-side institutions.
The expansion into the B2B market comes at a time when institutional and professional traders are finding it difficult to access the wholesale community of forex price-matching through a top-notch brokerage model.
Liquidity.net is licensed by the UK Financial Supervisory Authority and upon launch established offices in London and Dubai.
ThinkMarkets expects its multi-asset offering to generate a potential market opportunity. To this end, it strengthened the dedicated institutional office with prime broker partnerships as well as a white label product via the MetaTrader 4, MetaTrader 5 and Integral platforms.
The Liquidity.net activity introduces a liquidity pool offer that connects investors to several flows via a single site. ThinkMarkets said its multi-asset pricing engine combines trading with real-time reporting and enables “one-time price formation and the addition of new liquidity to the market as well as pricing alongside Tier 1 liquidity. “.
Rising banking regulations, which impose increased minimum capital levels and increases in reporting expenses, have led many banks to exit the blue chip brokerage space. allowed new offerings to quickly gain customers and fill the void. ??
Commenting on the launch, Faizan Anees, Co-Founder and Director of ThinkMarkets, said: âWe are delighted to grow our business with an institutional offering. Our relationships with major brokers allow us to offer personalized trading conditions tailored to all participants in the institutional and professional market. With a well-established team of professionals and a proven infrastructure, we are ready to meet the needs of customers in the market.
ThinkMarkets has hired forex industry veteran Mukrram Ali to lead its new initiative. He lands at the company from liquidity solutions provider FX PrimeXM, where he spent the last three years as director of business development. Mukrram previously held senior sales positions at MahiFX, Valbury Capital and FXCM.
Commenting on his appointment as Managing Director of Liquidity.net, Ali said: âI am delighted to join ThinkMarkets to lead Liquidity.net. We are firmly committed to disrupting the market with a reliable infrastructure, a leading brokerage relationship and our ability to provide access to a unique liquidity offering to our clients. “
ThinkMarkets (formerly ThinkForex) is a multi-licensed online brokerage firm authorized and regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
The company has expanded its global presence through its licensed South African company. It also acquired the Japanese exchange company, Japan Affiliate, which allows ThinkMarkets to offer its service in the Asian country. The announcement coincided with the opening of the ThinkMarkets office in Tokyo.
Although ThinkMarkets has regulations in many other jurisdictions, this was not enough as such passports are not recognized and currency brokers must obtain JFSA authorization to do business in Japan.