What Advanced Markets does

Advanced Markets is a wholesale institutional FX and CFD liquidity and trading solutions provider founded in 2006 by Anthony Brocco and headquartered in London (with operational presence in Charlotte NC, Hong Kong, Athens, and Boston). The company operates a fully automated Straight-Through Processing (STP) model that aggregates liquidity from 20+ top-tier counterparties including UBS, Standard Chartered, JP Morgan, Deutsche Bank, BNP Paribas, XTX Markets, and DBS, delivering real-time executable pricing across seven asset classes (FX, Spot Metals, Commodities, Cash CFD, Future CFD, Crypto CFD). The infrastructure processes trades in under 10 milliseconds with rejection rates below 2%, and is accessible via FIX API, bridge connections, and GUI platforms including MetaTrader 4/5, Fortex, PrimeXM, Lucera, DXtrade, and cTrader.

The product suite is structured around three core execution models: a Prime Broker Model (enabling settlement via UBS or Standard Chartered using client credit through 4-Party Reverse Give-Up Agreements), a Prime of Prime (PoP) model (providing margin capabilities via collateral deposits to clients without direct PB relationships), and the proprietary FOX (Full Order Execution) block trading facility for anonymous large-order execution. The DMA Hub and Adaptive Credit offerings provide configurable technology, risk management, and credit structure selection. Revenue is generated transactionally through commissions per side/per round turn, per-million-notional charges, CFD per-contract commissions, spreads, and minimum monthly invoice thresholds — all on a quote-based B2B model with publicly undisclosed pricing.

The firm is privately held and strategically backed by Macquarie Americas Corp Inc. (subsidiary of Macquarie Bank), GFI Group Inc. (NYSE-listed wholesale OTC broker), and BGC Group. It is regulated by the UK Financial Conduct Authority (FCA license #777739 since 2018) and holds an Australian Financial Services Licence (AFSL 444649 since 2013). The customer base is exclusively institutional — trade brokers, hedge funds, trading desks, and family offices — served through direct enterprise sales with regional coverage in EMEA, North America, and Asia-Pacific, and excludes retail clients and a long list of sanctioned or restricted jurisdictions.

Name

Advanced Markets

Legal name

Advanced Markets LLC

Website

https://advancedmarkets.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Advanced Markets is a wholesale institutional FX and CFD liquidity provider founded in 2006, offering prime brokerage, prime-of-prime, and anonymous block trading services to brokers, hedge funds, trading desks, and family offices globally through fully automated STP technology and 20+ Tier-1 counterparties.

Ownership category

akta.pro rank

Product category

Institutional FX & Multi-Asset Liquidity Provision

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Multi-Asset Electronic Trading Platforms (FSAFANAH)

akta.pro secondary industries

FX Matching & Aggregation Venues (Liquidity Aggregators) (FSAFADAH), Multi-Asset Trading Networks / Interdealer Broker Platforms (FSAFAEAJ)

Keywords

• Wholesale FX liquidity
• Prime of prime services
• Institutional trading solutions
• Multi-asset liquidity aggregation
• Prime brokerage credit

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Prime Brokerage & Clearing Services: Advanced Markets provides prime brokerage and prime-of-prime services to institutional clients, including credit intermediation via UBS and Standard Chartered Bank, settlement through 4-Party Reverse Give-Up Agreements, and margin capabilities. Revenue is generated through commissions, clearing fees charged per million notional volume, and potentially ticket-based charges.
2. FIX API & Bridge Connectivity: The company provides FIX API connectivity, bridge solutions, and GUI platform access (MetaTrader 4/5, Fortex) to institutional clients, generating revenue through technology connectivity fees, commissions per side/per round turn, and per USD million notional charges.
3. CFD Trading Commissions: Advanced Markets charges commissions on CFD trades. For example, 1 contract of DAX at price 11,508 incurs approximately 15 US cents commission, calculated as 1*11,508*1.12 (EURUSD conv rate)*12 (commission)/1,000,000. Monthly minimum fees apply where trading volume falls below stated minimums.
4. Institutional Liquidity Provision: Advanced Markets aggregates and distributes liquidity from 20+ Tier-1 banks, non-bank market makers, and ECNs to institutional clients. Revenue is derived from spreads, execution fees, and volume-based commissions across seven asset classes (FX, Spot Metals, Commodities, Cash CFD, Future CFD, Crypto CFD).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Advanced Markets is a wholesale provider of institutional FX, CFD and multi-asset liquidity, offering prime brokerage credit intermediation via UBS AG and Standard Chartered Bank, a Prime of Prime (PoP) margin structure, and anonymous block trading via its FOX model. It aggregates liquidity from 20+ Tier-1 counterparties and distributes it through FIX API, bridges, and GUI platforms to brokers, hedge funds, trading desks, and family offices across seven asset classes (FX, Spot Metals, Commodities, Cash CFDs, Future CFDs, Crypto CFDs, Index Futures).

Product overview

Advanced Markets is an institutional FX liquidity and trading solutions provider founded in 2006, offering a platform-plus-models architecture. The core offering centers on three distinct execution models: the Prime Broker Model (enabling institutional clients to settle trades via UBS or Standard Chartered using their own credit lines), the Prime of Prime (PoP) Model (providing margin capabilities via collateral deposits to clients without direct PB relationships), and the FOX (Full Order Execution) model (enabling anonymous block trading through aggregated competitive liquidity). These are delivered through multiple distribution channels including FIX API connectivity (integrated with Fast Match, Integral, and Currenex), GUI platforms (MetaTrader 4/5, Fortex, PrimeXM, Lucera, DXtrade), and execution bridges (Fortex, PrimeXM, OneZero, Tools for Brokers). The product suite also includes the DMA Hub for custom technology and liquidity management, and Adaptive Credit for flexible PB/PoP structure selection. Services span seven asset classes: FX, Spot Metals, Commodities, Cash CFDs, Future CFDs, Crypto CFDs, and Index Futures.

Differentiator

Problem solved

Functional benefit

Products and services

• Prime Broker Model
• Prime of Prime (PoP)
• FOX (Full Order Execution) Block Trading
• FIX API Connectivity
• Direct Market Access (DMA) Hub
• Institutional Liquidity Network

Quantifiable outcome

• Trades processed in under 10ms with less than 2% rejection rates
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration29 records

Feature5 records

Partnerships

16 partnerships are on record, tiered core.

• DXtrade (Devexperts)coreTechnology or Integration · 6 May 2026Advanced Markets partnered with DXtrade (developed by Devexperts) to expand access to its institutional-grade liquidity offering for brokers and firms within the DXtrade ecosystem. Through this integration, DXtrade brokers gain access to Advanced Markets' deep liquidity network, customisable pricing capabilities, and advanced execution infrastructure across multiple asset classes.
• JP MorgancoreTechnology or IntegrationJP Morgan is a top global liquidity provider connected to Advanced Markets' execution network, providing Tier-1 FX liquidity alongside other major banks and non-bank market makers.
• XTX MarketscoreTechnology or IntegrationXTX Markets is a leading non-bank liquidity provider integrated into Advanced Markets' execution network, providing competitive pricing and deep liquidity for institutional clients.
• BNP ParibascoreTechnology or IntegrationBNP Paribas is a Tier-1 global bank integrated into Advanced Markets' liquidity network, delivering deep, stable pricing and reliable trade flow.
• Deutsche BankcoreTechnology or IntegrationDeutsche Bank is a top global bank integrated into Advanced Markets' execution network, delivering deep, stable pricing and reliable trade flow.
• FortexcoreTechnology or IntegrationFortex delivers enterprise-level SaaS solutions for multi-asset trading, supporting the full trading lifecycle from ECN and OMS to liquidity, CRM, APIs, and mobile platforms. Advanced Markets integrates with Fortex 6 for GUI trading and uses Fortex as a bridge partner for execution access.
• PrimeXMcoreTechnology or IntegrationPrimeXM has delivered advanced trading technology and secure hosting for financial institutions since 2010. Its flagship XCore solution offers ultra-low-latency execution and seamless access to liquidity providers. Advanced Markets partners with PrimeXM for connectivity and liquidity services, and supports PrimeXM as a bridge platform.
• Lucera (LUMEMarkets)coreTechnology or IntegrationLUMEMarkets by Lucera is a powerful cross-asset trading platform offered as a fully managed PaaS solution. Easily configured via a web-based portal, it streamlines fragmented connectivity, uncovers liquidity, and reduces costs within a high-performance infrastructure. Lucera is listed as a technology partner on Advanced Markets' integrations page.
• MetaTrader 4 / MetaTrader 5coreTechnology or IntegrationAdvanced Markets supports MetaTrader 4 and MetaTrader 5 platforms for all types of trading strategies. MT4/MT5 bridges are available through selected third-party bridge providers, with Advanced Markets often absorbing the associated fees for clients using its liquidity.
• Fast Match / EuronextcoreTechnology or IntegrationAdvanced Markets integrates with Fast Match/Euronext and other major API hubs for FIX API connectivity, enabling direct low-latency communication between trading systems for institutional and algorithmic trading strategies.
• OneZerocoreTechnology or IntegrationOneZero is an active technology integration partner listed for Advanced Markets' liquidity distribution. OneZero provides multi-asset trading technology including aggregation and bridge capabilities.
• CentroidcoreTechnology or IntegrationCentroid is an active technology integration partner providing aggregation and risk management technology for Advanced Markets' institutional liquidity distribution.
• FXCubiccoreTechnology or IntegrationFXCubic is an active technology integration partner for Advanced Markets' liquidity distribution network.
• cTradercoreTechnology or IntegrationcTrader, developed by Spotware, is an active technology integration partner for Advanced Markets providing a professional trading platform for FX and CFD brokers.
• CurrenexcoreTechnology or IntegrationAdvanced Markets integrates with Currenex and other major API hubs for FIX API connectivity, supporting direct low-latency communication between trading systems for institutional and algorithmic trading strategies.
• IntegralcoreTechnology or IntegrationAdvanced Markets integrates with Integral and other major API hubs for FIX API connectivity, enabling institutional FX trading with direct low-latency access to liquidity.

Scale indicators6 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• IS Prime: Institutional Prime of Prime and liquidity provider offering prime brokerage services, multi-asset execution (FX, CFDs, equities, futures), and connectivity to brokers and hedge funds. Competes head-to-head with Advanced Markets for FX/CFD broker and mid-tier hedge fund clients in EMEA and APAC.
• LMAX Group: Leading institutional FX exchange and Prime of Prime operator. LMAX Exchange and LMAX Prime offer nearly identical services to Advanced Markets—multi-bank liquidity aggregation, PB/PoP credit intermediation, and FIX/MT4/MT5 connectivity to brokers, hedge funds, and prop firms globally.
• PrimeXM: Trading technology and connectivity provider offering XCore aggregation and hosting infrastructure. Competes with Advanced Markets as part of the institutional liquidity distribution stack, serving brokers with low-latency multi-asset execution.
• Sucden Financial: Multi-asset Prime of Prime and institutional broker providing FX, CFD, and futures execution, clearing, and credit intermediation. Targets the same broker and hedge fund segments as Advanced Markets with comparable PB-tier relationships.
• Finalto: Institutional liquidity and prime-of-prime provider offering multi-asset execution (FX, CFDs, futures), prime brokerage services, and proprietary trading technology. Competes directly with Advanced Markets in serving brokers and asset managers globally.
• OneZero Financial Systems: Provider of multi-asset trading technology, aggregation, and liquidity distribution infrastructure. While primarily a tech provider, OneZero competes in the same PoP/liquidity distribution value chain and integrates with many of the same broker and hedge fund clients as Advanced Markets.
• Centroid Solutions: Institutional liquidity, risk management, and post-trade technology provider for multi-asset brokers. Overlaps with Advanced Markets in serving FX/CFD brokers with liquidity access, aggregation, and risk infrastructure.
• CFH Clearing: Institutional Prime of Prime offering prime brokerage, liquidity, and clearing to retail brokers and hedge funds. Closely comparable to Advanced Markets in target client base, product offering (FX/CFD), and clearing-bank-backed credit model.

Emerging players

• FXCubic: Provider of liquidity aggregation, analytics, and bridge technology for institutional FX/CFD brokers. Partial overlap with Advanced Markets in serving broker-side execution and liquidity management needs.
• B2Broker: Liquidity and technology provider offering multi-asset prime-of-prime services, MT4/MT5 bridges, and turnkey brokerage infrastructure. Competes with Advanced Markets for emerging and mid-sized FX/CFD brokers, particularly in emerging market regions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AdvancedMarkets
• LinkedInlinkedin.com/company/advanced-markets-llc
• Facebookfacebook.com/advancedmarkets

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Advanced Markets