Morgan Stanley wins new FXPB client

Abstract

Advanced Markets has gone live with Morgan Stanley as its primary foreign exchange prime broker, replacing Macquarie Bank, as its expansion plans enter their next growth phase, a senior official has told FX Week. The futures commission merchant introduced direct market access (DMA) FX trading to clients through its two platforms, Advanced Trader 1 and Advanced Trader 2, in August this year. The technology and prime brokerage relationship enables institutional clients to use existing bank and prime broker credit relationships to access Advanced Markets' platform. Foreign exchange DMA is an optimal model for hedge funds, proprietary traders and other institutions to trade FX.