LONDON and CHARLOTTE, N.C., May 5,
2021 /CNW/ -- FXFY LLC ("Forexify"), in partnership
with Corbel Capital Partners ("Corbel"), is pleased to announce a
significant investment into Advanced Markets group, an
institutional foreign exchange liquidity and prime-of-prime service
provider.
New investors Forexify and Corbel join existing shareholders
Macquarie Group and GFI Group LLC, a wholly owned subsidiary of BGC
Partners, Inc. (NASDAQ: BGCP) who have reduced their stakes to
accommodate new investors for the next phase of Advanced Markets'
growth. The new investor lineup combines the specialist and deep
Industry expertise of Forexify and Corbel with the institutional
knowledge of Macquarie Group and BGC.
"These new investors represent an important step in achieving
our global strategy," said Anthony Brocco, Founder and CEO,
Advanced Markets. "Key industry relationships through Forexify will
enable us to dynamically expand our product offering and technology
capabilities, ensuring we continue to meet the needs of our fast
growing and diverse institutional client base."
Forexify Chief Investment Officer Mushegh Tovmasyan said, "The top tier of this
industry has seen a lot of consolidation in recent years driven by
regulatory changes and increased capital requirements. Advanced
Markets' unique footprint, institutional ownership credentials and
remarkable market access, provided by Prime Brokers such as UBS,
Standard Chartered and Macquarie Group, make it the ideal company
to lead a new era of trading."
"Advanced Markets presents a hugely exciting opportunity," said
Michael H. Jones, Principal, Corbel.
"The strong track record and leadership, combined with the positive
market outlook made this an easy investment for us; we're proud to
partner with Forexify and its management to drive Advanced Markets'
next phase of growth."
"We look forward to partnering with the industry experience of
Forexify and Corbel in supporting Advanced Markets' expansion into
new markets and relationships," said Lachlan Green, Macquarie Bank Division Director
and Non-Executive Director of Advanced Markets Holdings.
This latest round of investment is the Company's first
since a major investment led by GFI Group LLC in 2010, and
Macquarie Group's significant investment in 2007. Advanced Markets
will continue to operate as an independent business under its
current brand and leadership, headquartered in Charlotte, North Carolina with subsidiaries
around the world.
Advanced Markets' continued growth with leading brokers, fund
managers and other institutions is driven by the combination of the
firm's Direct Market Access/Straight Through Processing ("DMA/STP")
model and robust, low-latency trading infrastructure.
About FXFY
Forexify is a Puerto Rico based
merchant bank founded by Mushegh
Tovmasyan that provides advisory services and makes
investments predominantly in FinTech companies that have the
potential to disrupt legacy business models. The company was
founded in 2015 and has achieved a number of relevant exits.
About Corbel Capital Partners
Corbel Capital Partners is an independent investment firm managing
approximately $500 million of
institutional capital that makes non-control investments in the
form of creatively tailored structured debt or equity securities in
profitable, lower middle-market businesses.
About Advanced Markets
Headquartered in Charlotte, North
Carolina, Advanced Markets is a prime of prime broker
offering wholesale services to institutional clients globally,
providing technology access, trade execution and prime brokerage
solutions directly to banks, hedge funds, commodity trading
advisors, corporations and other institutional market participants.
The firm offers direct market access trading in spot FX, precious
metals, and contracts for differences (CFD) across financial and
commodity products via various regulated entities globally.
Contact
Name: Lynn
Zhou
Phone: +1-704-544-9446
Email: info@advancedmarkest.com
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SOURCE Advanced Markets Group