GMO-Z.com Trade UK announces launch of Prime-of-Prime service
New institutional service and brand launched
London, 7th November 2019 – GMO-Z.com Trade UK Limited, FCA-regulated and an affiliated company of the world’s largest retail forex provider by volume* , GMO CLICK Securities Inc, announced the launch of its new institutional prime-of-prime service.
The prime-of-prime service will be offered under a new brand – Z.com Global Markets. To date, the company had been offering its services primarily to retail clients under the Z.com Trade brand. GMO-Z.com has announced that it now no longer accepts retail clients and will be winding down its retail service fully at the end of the year.
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 $8.36BN*.
Masahiro Funada, CEO of GMO-Z.com, commented: “I am very excited to announce the launch of Z.com Global Markets, and I believe that with the track record and strong backing of the GMO Internet Group, we are extremely well-positioned to deliver a high-quality prime-of-prime service. We have an experienced team, and have invested capital in putting together a best-in-class technology and liquidity offering, utilising our direct relationships with top tier prime brokerages, tier 1 banks, non-bank providers and leading ECN venues. With our offering clients will be able to connect to price distribution hubs in LD4, NY4 and TY3 via our institutional-grade GUI and multiple integration points, which will be backed by a comprehensive post-trade reporting system.”
Hiroyasu Kito, Group CEO of GMO Financial Holdings, added: “Having firmly established our position as the world’s largest retail FX provider, I believe it is time for the group to broaden its reach and establish itself in the institutional space, and the launch of Z.com Global Markets is an important step in this direction. We see huge opportunities for growth internationally, and our UK subsidiary is well-positioned to lead the way in establishing the group as a leading global provider of institutional services.”
Z.com Global Markets will offer its service to regulated brokers, hedge funds and asset managers, private banks and proprietary traders, and its clients can benefit from curated liquidity pools which include all of the top 10 Euromoney™ FX survey 2019 counterparties, and direct access to a range of optimised FX, bullion, commodities and equity indices markets.
*Reported by Finance Magnates Retail Forex Industry Report 2018 in respect of GMO CLICK Securities Inc. retail leveraged forex trading volume.
*Market capitalisation as denoted in GMO Internet Group Q2 2019 financial results disclosed on 6th August 2019.