GMO-Z.com Trade UK Limited, FCA-regulated and a member of the GMO Internet Group, has announced the launch of its Agency FX service.The service will be offered from its institutional service brand, Z.com Global Markets, which was established in late 2019. GMO-Z.com Trade UK Limited is a subsidiary company of GMO Financial Holdings Inc. (7177:JP), and an affiliated company of GMO CLICK Securities. These entities form part of the GMO Internet Group, which is headed by GMO Internet Inc. (9449:JP). The group has over 100 subsidiaries worldwide, and a total group market capitalisation of $14.03BN1.
Z.com Global Markets utilises its extensive liquidity network, with its wide range of direct relationships with primary sources and access to electronic trading networks, to deliver the optimal combination of bespoke market access, best-in-class low-latency technology and comprehensive post-trade analysis. Supported by its experienced team, Z.com Global Markets utilises an array of analytics and technology solutions to ensure that its clients achieve the best outcome possible for pricing, volume availability and execution speed.
Ramy Soliman, Chief Strategy Officer, commented: “I’m pleased to announce to launch of our Agency FX service, and I believe that the offering we have put together is well-positioned to go above and beyond in meeting the sophisticated requirements of institutional clients, such as smaller hedge funds or tier 2-3 banks, seeking consolidated access to high-quality curated liquidity. By utlitising our direct relationships with tier 1 banks, non-bank providers and leading ECN venues, we’re able to construct a bespoke liquidity solution for our clients to provide unified access to multiple quality sources, which is backed by our experienced team and strong technology offering. By leveraging our strong liquidity relationships, we are able to manage and optimise the pricing we provide to our clients to facilitate the best possible execution experience. We have a number of clients already engaged and ready to use our services, and we look forward to expanding our coverage and working with more counterparties in the coming months.”
Z.com Global Markets’ services are available to regulated brokers, hedge funds, asset managers and banks, and its clients can benefit from curated liquidity pools which include direct relationships with the top Euromoney™ FX survey 2020 counterparties, giving access to over 83% of global electronic spot FX2 from one source.
1. Market capitalisation as denoted in GMO Internet Group FY2020 Q2 financial results disclosed in August 2020.
2. Reported in Euromoney FX Survey 2020: Electronic trading category.