Britannia expands prime brokerage services with FX and commodity CFDs
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Britannia Global Markets is expanding its prime brokerage division. The company will be expanding this division by venturing into FX, index and commodity contract for differences (CFDs).
Britannia expands prime brokerage services
Britannia Global Markets is the brokerage division of Britannia Financial Group that has its headquarters in London. The new offering by the company will also be supported by other technology platforms such as Lucera, MaxxTrader, MetaQuotes and PrimeXM.
The Head of Foreign Exchange Trading at Britannia Global Markets, Samuel Gunter, commented on this development saying that the company was eager to expand its Prime Brokerage offering to add CFDs and expand its technological infrastructure. This would allow the company to service the growing demand from clients effectively.
“Britannia is committed to providing the best-in-class service to our growing professional and institutional clients through a broad range of trading and investment solutions. This new offering and investment reflect the bedrock of Britannia’s strategy, top utilize technology to innovate the Group’s trademark boutique, personalized services,” Gunter added.
Britannia unveiled its prime brokerage service in September last year. This division was exclusive to professional and institutional clients.
Britannia as an FCA-regulated company
Britannia is a prime brokerage service company that is regulated by the Financial Conduct Authority. The company provides a wide range of services in areas such as forex, bullion and non-deliverable forward markers.
The company also attracts a large clientele base by providing competitive prices and flexible terms that will undercut the services of its competitors. The group is also popular for providing multi-asset trading services in different markets such as equities, forex, commodities, futures and options.
The company is situated in London and it is also regulated by the FCA. The company has been offering services in the derivatives space since 1986. Moreover, the company has also expanded its offerings in post-trade processing services through a partnership with Broadridge Financial Solutions.
On the other hand, other prime brokerage service providers have also altered their offerings in recent years. Jefferies switched from the FX prime brokerage industry and moved its clients to another institution. Nevertheless, there are new firms in this space including ThinkMarkets, that launched Liquidity.net to offer multi-asset liquidity to institutions.
Another example is Hidden Road that also launched OTC prime brokerage for crypto assets. Barclays also expanded its prime brokerage division in 2021 after some of its competitors halted their services after Archegos Capital collapsed.