May 5, 2021 - institutional foreign exchange liquidity and prime-of-prime service provider Advanced Markets has today announced a significant investment into the firm by Forexify and Corbel Capital Partners.
The size of the new investment by both new parties, or the percentage distribution, was not disclosed.
New investors Forexify and Corbel join existing shareholders Macquarie Group and GFI Group LLC, a wholly owned subsidiary of BGC Partners, Inc. who have reduced their stakes to accommodate new investors for the next phase of Advanced Markets' growth.
Forexify is a Puerto Rico based merchant bank founded in 2015 by Mushegh Tovmasyan, co-Founder of both Equiti Group and Divisa Capital, that provides advisory services and makes investments predominantly in FinTech companies looking to disrupt legacy business models.
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.
"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.
Advanced Markets is a prime of prime broker headquarterd in Charlotte, North Carolina, 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.
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