Stater Global Markets is an FCA regulated Prime of Prime brokerage which offers institutional clients direct access to Tier 1 bank and non-bank liquidity, clearing and institutional grade technology for FX and CFD trading.
3 June 2019 – Stater Global Markets (“SGM”) is to cease its Prime of Prime offering after its investor, SBL Holdings, decided not to add further funding in SGM as it pursues alternative business opportunities.
Ramy Soliman, CEO, Stater Global Markets said, “We have chosen to cease the Prime of Prime business as, without SBL Holdings’ continued support, we feel we are unable to continue to operate at the high level we wish to maintain. Stater has built a reputation for excellence over the last three years, offering a truly agnostic Prime of Prime solution. It goes against our ethos to continue with a degraded service.
"Over recent months, we have actively sought funding from other sources within the industry. However, we were unable to attract appropriate investment. Unfortunately, despite having created a viable business with a growing client base and an excellent and experienced team, without continued financial support it is very difficult to compete with the commercials offered by our larger peers. We have decided to cease the business at an early stage to ensure our clients are treated fairly and whilst our reputation is strong.
"We wish to take this opportunity to thank our clients for their custom as well as our Prime Broker, Liquidity Providers and technology partners and all those who have contributed to the establishment and growth of Stater Global Markets."
Stater Global Markets is authorised and regulated by the Financial Conduct Authority (‘FCA’). The regulator and clients have been kept abreast of the situation and the Prime of Prime business will cease shortly, unless further investment is forthcoming.
Access institutional liquidity without bilateral arrangements or ISDAs and use Stater’s infrastructure to price make in local currencies.
For Banks with retail facing operations, Stater’s solutions range from API liquidity into the bank’s platform through to a fully hosted White-Label technology and liquidity offering.
Stater’s multi-asset liquidity and scalable technology solutions can be tailored for retail FX brokers of all sizes. We offer a choice of platforms and liquidity to suit broker needs.
Our liquidity APIs can be integrated with a broker’s front end or risk management algo or any third party technology vendor.
Stater is experienced in dealing with different fund structures from a variety of jurisdictions. We offer a range of high quality liquidity, execution and technology solutions.
Distribute your liquidity using our credit intermediation and technology services. We also offer maker/taker sessions into multiple venues with co-location and low latency distribution.
Stater’s platforms, liquidity and high quality service give you a market-leading institutional trading experience. Stater is not part of a retail franchise and does not take proprietary risk.
Stater Global Markets provides clients with institutional Spot FX liquidity, CFDs, Exchange Traded Futures and clearing. Our feeds can be customised on a client by client basis. We have strong relationships with our Prime Brokers and with every Liquidity Provider on our network to make sure that pricing and execution is as competitive as possible.
Liquidity can be accessed in 2 ways:
- Stater Global Markets can be your legal, credit and liquidity counterparty - fund and trade through our Margin FX Trading Account.
- Stater Global Markets can be an Executing Broker, with trades given up to your Prime Broker.
We offer a number of technology solutions (both distribution and access) for clients wishing to trade with us including front end platforms/venues; APIs, MT5 and MT4, and White Labels. Our Technology Partners
Ramy launched Stater Global Markets in October 2016, having spotted a gap in the market for a high quality credit intermediation, liquidity and technology solution for institutional clients.
His extensive experience in the Financial Services sector has been key to shaping Stater’s offering. Ramy joined IG in 2005 and quickly worked his way up the ranks before taking on a role at Citi, within the successful Margin FX desk. After five years at Citi, he joined Integral as Vice President, EMEA Sales.
Ramy has ambitious plans for Stater Global Markets as an innovator and market leader. He is fluent in English and Arabic and has an LLB with Honours from the University of Liverpool.
Wei joined Stater Global Markets in 2016 and has over a decade of experience in IT systems with a focus on FX market technology. His previous employment includes Head of Support and Asia Business Development Executive at Gold-i and Technical Account Manager at Integral Development Corp. Wei is fluent in English and Chinese and graduated top of his class with a 1st class honours degree in Media Technology and Internet Computing from Kingston University.
David has been in the financial markets since 1982 and in FX for over 30 years, notably at Chemical Bank, Nat West, and AIG. He has a wealth of industry knowledge and is a specialist in financial crises and the consequences, David joined the Stater Global Markets team in 2016.
Simon joined Stater Global Markets in June 2018 with over 20 years’ experience in the FX industry including 17 in compliance-based roles. His previous roles include Head of Compliance at GAIN Capital Forex.com, London Capital Group, ETX Capital, LMAX Exchange and Goldenway Global Investments. Simon has held CF10 and CF11 accreditations with the FCA since 2006 and is a Fellow of the International Compliance Association.
Ashraf has almost 30 years’ experience in the financial sector, with roles including Head of Treasury at Saxo Bank, Chief Operating Officer for the Foreign Exchange business at Marex Spectron and Co-Founder and Executive Director of CFH Clearing, where he was accountable for all operations.
He has held a number of Board-level positions for FCA regulated entities and innovative FinTech companies and brings significant expertise to Stater in operations, compliance and Prime of Prime.