Advanced Markets, a provider of prime of prime solutions to leading FX brokers,  today announced that it weathered the extreme market volatility this week with only a few minor issues.

Advanced Markets’ risk management systems and liquidity providers were able to mitigate trading losses.  In addition, the firm’s well-capitalized wholesale clientele were able to cover trading losses on Swiss franc positions.

“We’ve spent the last 24 hours dealing with all of our client relationships and liquidity partners,” said Anthony Brocco, Executive Chairman, Advanced Markets Ltd.  “We came through this period of unprecedented volatility cleanly and we’re on very solid ground and expect zero or minimal client losses.”

In addition to running robust risk management systems and ultra-low latency, bank only DMA liquidity pool, the firm has a deep institutional ownership base including stakes held by Macquarie Bank and GFI Group.

We are excited to announce the migration of all Advanced Markets (Bermuda) Ltd. profiles to Daman Markets, the designated name for forex and CFD trading services provided by Daman Securities LLC, regulated by the UAE Securities and Commodities Authority (SCA).  

Advanced Markets (Bermuda) Ltd. clients do not need to take any action as funds, positions, and account details remain unchanged. We continue with the same commitment to exceptional trading experience and maintaining the highest level of security and service quality.   

With Daman Markets you are able to trade with a firm regulated by the UAE’s primary regulator and will continue enjoying a wide range of deposit and payment options while still benefiting from the extensive technology and liquidity networks that Advanced Markets has developed over its 18 years in the industry.