New round of investment for Advanced Markets group to expand global reach

Rhea-AI Summary

On May 5, 2021, FXFY LLC and Corbel Capital Partners announced a significant investment into Advanced Markets Group, a provider of foreign exchange liquidity. This investment welcomes Forexify and Corbel as new shareholders, alongside existing stakeholders such as Macquarie Group and GFI Group, who have scaled back their holdings. The partnership aims to enhance Advanced Markets' growth trajectory, leveraging Forexify's industry expertise and resource network. This marks the first major investment for Advanced Markets since 2010, as it continues to evolve as an independent entity in the prime brokerage space.

Positive

• New investment by Forexify and Corbel to expand Advanced Markets' growth.
• Partnership enhances product offering and technology capabilities.
• Advanced Markets continues to operate independently, ensuring focus on institutional clients.

Negative

• None.

LONDON and CHARLOTTE, N.C., May 5, 2021 /PRNewswire/ -- 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

View original content:http://www.prnewswire.com/news-releases/new-round-of-investment-for-advanced-markets-group-to-expand-global-reach-301284554.html

SOURCE Advanced Markets Group

FAQ

What is the recent investment made by Forexify and Corbel into Advanced Markets?

Forexify and Corbel announced a significant investment into Advanced Markets Group on May 5, 2021, aimed at enhancing its growth.

What are the benefits of Forexify's investment in Advanced Markets?

The investment allows Advanced Markets to expand its product offerings and technology capabilities to meet client needs.

How has the investor structure changed for Advanced Markets?

New investors Forexify and Corbel have joined existing investors, while Macquarie Group and GFI Group have reduced their holdings.

Is Advanced Markets still an independent entity after the investment?

Yes, Advanced Markets will continue to operate as an independent business after the investment.

When was the last major investment in Advanced Markets prior to this announcement?

The last major investment in Advanced Markets was in 2010, led by GFI Group.